GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.92 and traded as high as $3.28. GSI Technology shares last traded at $3.25, with a volume of 402,917 shares.
GSI Technology Trading Down 1.8%
The firm's fifty day moving average is $2.81 and its 200 day moving average is $2.93. The company has a market cap of $82.95 million, a PE ratio of -6.46 and a beta of 1.13.
GSI Technology (NASDAQ:GSIT - Get Free Report) last released its earnings results on Thursday, May 1st. The semiconductor company reported ($0.09) EPS for the quarter. The company had revenue of $5.88 million for the quarter. GSI Technology had a negative return on equity of 50.33% and a negative net margin of 64.33%.
Institutional Trading of GSI Technology
A number of institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in shares of GSI Technology in the first quarter worth about $80,000. Essex Investment Management Co. LLC purchased a new position in GSI Technology in the 1st quarter worth approximately $69,000. Silverberg Bernstein Capital Management LLC boosted its holdings in shares of GSI Technology by 9.0% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 524,953 shares of the semiconductor company's stock worth $1,066,000 after purchasing an additional 43,136 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in shares of GSI Technology in the fourth quarter valued at approximately $33,000. Finally, Two Sigma Investments LP grew its position 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 purchasing an additional 11,149 shares in the last quarter. 33.15% of the stock is owned by institutional investors and hedge funds.
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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