GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.02 and traded as high as $4.30. GSI Technology shares last traded at $4.22, with a volume of 444,983 shares trading hands.
GSI Technology Stock Up 7.1%
The stock has a market capitalization of $125.97 million, a PE ratio of -10.76 and a beta of 1.11. The stock's 50 day moving average price is $3.35 and its 200-day moving average price is $3.02.
GSI Technology (NASDAQ:GSIT - Get Free Report) last announced its earnings results on Thursday, May 1st. The semiconductor company reported ($0.09) EPS for the quarter. The firm had revenue of $5.88 million during the quarter. GSI Technology had a negative return on equity of 46.88% and a negative net margin of 51.85%.
Institutional Trading of GSI Technology
Large investors have recently bought and sold shares of the stock. Two Sigma Advisers LP purchased a new stake in GSI Technology during the fourth quarter worth $33,000. Barclays PLC acquired a new stake in shares of GSI Technology in the fourth quarter valued at about $39,000. Essex Investment Management Co. LLC purchased a new position in GSI Technology during the first quarter worth about $69,000. Jones Financial Companies Lllp purchased a new position in GSI Technology in the first quarter worth approximately $80,000. Finally, Northern Trust Corp increased its stake in GSI Technology by 30.7% during the fourth quarter. Northern Trust Corp now owns 40,733 shares of the semiconductor company's stock worth $123,000 after acquiring an additional 9,557 shares during the last quarter. Hedge funds and other institutional investors own 33.15% of the company's stock.
GSI Technology Company Profile
(
Get Free Report)
GSI Technology, Inc designs, develops, and markets semiconductor memory solutions to networking, industrial, medical, aerospace, and military customers in the United States, China, Singapore, Germany, the Netherlands, and internationally. It offers associative processing unit products, which are focuses on applications using similarity search in visual search queries for ecommerce, computer vision, drug discovery, cyber security, and service markets.
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