GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.94 and traded as high as $3.18. GSI Technology shares last traded at $3.14, with a volume of 166,898 shares traded.
GSI Technology Price Performance
The firm has a market capitalization of $86.79 million, a price-to-earnings ratio of -6.78 and a beta of 1.11. The firm's fifty day moving average is $2.90 and its 200 day moving average is $2.94.
GSI Technology (NASDAQ:GSIT - Get Free Report) last released its earnings results on Thursday, May 1st. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter. The company 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 Trading of GSI Technology
Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its position in GSI Technology by 1.8% in the 4th 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 during the last quarter. Northern Trust Corp grew its stake in shares of GSI Technology by 30.7% in the 4th quarter. Northern Trust Corp now owns 40,733 shares of the semiconductor company's stock valued at $123,000 after buying an additional 9,557 shares in the last quarter. Barclays PLC acquired a new position in GSI Technology in the fourth quarter worth approximately $39,000. Ethos Financial Group LLC bought a new position in GSI Technology during the fourth quarter valued at approximately $31,000. Finally, Silverberg Bernstein Capital Management LLC lifted its stake in GSI Technology by 9.0% in the first quarter. Silverberg Bernstein Capital Management LLC now owns 524,953 shares of the semiconductor company's stock valued at $1,066,000 after acquiring an additional 43,136 shares during the last quarter. Institutional investors and hedge funds own 33.15% of the company's stock.
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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