GSI Technology, Inc. (NASDAQ:GSIT - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.93 and traded as high as $2.99. GSI Technology shares last traded at $2.94, with a volume of 113,085 shares trading hands.
GSI Technology Stock Down 2.5 %
The business's fifty day moving average is $2.54 and its 200 day moving average is $2.93. The stock has a market cap of $80.39 million, a PE ratio of -6.28 and a beta of 1.18.
GSI Technology (NASDAQ:GSIT - Get Free Report) last posted its earnings results on Thursday, May 1st. The semiconductor company reported ($0.09) earnings per share for the quarter. GSI Technology had a negative net margin of 64.33% and a negative return on equity of 50.33%.
Institutional Trading of GSI Technology
Large investors have recently made changes to their positions in the stock. Ethos Financial Group LLC purchased a new position in shares of GSI Technology during the fourth quarter valued at approximately $31,000. Two Sigma Advisers LP acquired a new stake in GSI Technology in the fourth quarter valued at approximately $33,000. Barclays PLC purchased a new stake in GSI Technology during the 4th quarter worth $39,000. WealthPlan Investment Management LLC acquired a new position in shares of GSI Technology in the fourth quarter worth about $114,000. Finally, Northern Trust Corp raised its position 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 purchasing an additional 9,557 shares in the last quarter. Institutional investors and hedge funds 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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