GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 Price Performance
The company has a market capitalization of $81.93 million, a P/E ratio of -6.40 and a beta of 1.13. The stock has a 50-day moving average price of $2.83 and a 200-day moving average price of $2.93.
GSI Technology (NASDAQ:GSIT - Get Free Report) last issued its earnings results on Thursday, May 1st. The semiconductor company reported ($0.09) earnings per share for the quarter. The business had revenue of $5.88 million during the quarter. GSI Technology had a negative return on equity of 50.33% and a negative net margin of 64.33%.
Institutional Investors Weigh In On GSI Technology
Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in GSI Technology by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 208,723 shares of the semiconductor company's stock worth $633,000 after purchasing an additional 3,607 shares in the last quarter. Barclays PLC bought a new stake in GSI Technology in the fourth quarter worth approximately $39,000. Ethos Financial Group LLC bought a new stake in GSI Technology in the fourth quarter worth approximately $31,000. WealthPlan Investment Management LLC bought a new stake in GSI Technology in the fourth quarter worth approximately $114,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of GSI Technology during the first quarter valued at approximately $80,000. 33.15% of the stock is currently 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.
Read More
Before you consider GSI Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GSI Technology wasn't on the list.
While GSI Technology currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
