GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.09 and traded as high as $5.15. GSI Technology shares last traded at $5.12, with a volume of 404,702 shares.
GSI Technology Trading Up 7.3%
The stock has a 50 day simple moving average of $3.59 and a 200 day simple moving average of $3.12. The stock has a market cap of $159.97 million, a P/E ratio of -13.67 and a beta of 1.11.
GSI Technology (NASDAQ:GSIT - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The semiconductor company reported ($0.09) EPS for the quarter. GSI Technology had a negative net margin of 51.85% and a negative return on equity of 46.88%. The firm had revenue of $5.88 million during the quarter.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. U.S. Capital Wealth Advisors LLC bought a new position in shares of GSI Technology in the 2nd quarter worth about $55,000. Silverberg Bernstein Capital Management LLC raised its position in shares of GSI Technology by 31.1% in the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 688,464 shares of the semiconductor company's stock worth $2,313,000 after acquiring an additional 163,511 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of GSI Technology in the 1st quarter valued at about $80,000. Essex Investment Management Co. LLC acquired a new stake in shares of GSI Technology in the 1st quarter valued at about $69,000. Finally, Two Sigma Advisers LP acquired a new stake in shares of GSI Technology in the 4th quarter valued at about $33,000. 33.15% of the stock is owned by institutional investors.
About GSI Technology
(
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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