Shares of GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.96 and traded as high as $3.25. GSI Technology shares last traded at $3.08, with a volume of 70,893 shares traded.
GSI Technology Trading Up 3.7%
The firm's fifty day simple moving average is $3.17 and its two-hundred day simple moving average is $2.96. The company has a market capitalization of $86.28 million, a price-to-earnings ratio of -8.02 and a beta of 1.11.
GSI Technology (NASDAQ:GSIT - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.09) earnings per share for the quarter. GSI Technology had a negative return on equity of 46.88% and a negative net margin of 51.85%. The business had revenue of $5.88 million during the quarter.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Silverberg Bernstein Capital Management LLC lifted its holdings in shares of GSI Technology by 9.0% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 524,953 shares of the semiconductor company's stock worth $1,066,000 after acquiring an additional 43,136 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in GSI Technology in the first quarter valued at approximately $80,000. Essex Investment Management Co. LLC acquired a new position in GSI Technology during the first quarter worth $69,000. Barclays PLC purchased a new position in shares of GSI Technology during the fourth quarter worth $39,000. Finally, Two Sigma Investments LP grew its stake in shares of GSI Technology by 19.0% in the fourth quarter. Two Sigma Investments LP now owns 69,960 shares of the semiconductor company's stock valued at $212,000 after buying an additional 11,149 shares in 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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