Stock analysts at StockNews.com began coverage on shares of GSI Technology (NASDAQ:GSIT – Get Rating) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the semiconductor company’s stock.
GSI Technology Stock Performance
Shares of GSIT opened at $1.92 on Friday. The business has a 50-day moving average of $1.94 and a 200 day moving average of $2.78. GSI Technology has a fifty-two week low of $1.57 and a fifty-two week high of $4.95. The firm has a market cap of $47.14 million, a P/E ratio of -2.91 and a beta of 0.84.
GSI Technology (NASDAQ:GSIT – Get Rating) last issued its quarterly earnings results on Thursday, October 27th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter. The business had revenue of $8.95 million for the quarter. GSI Technology had a negative net margin of 46.55% and a negative return on equity of 25.69%.
Institutional Trading of GSI Technology
GSI Technology Company Profile
GSI Technology, Inc, a fabless semiconductor company, 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. The company's associative processing unit products offers applications using similarity search in visual search queries for ecommerce, computer vision, drug discovery, cyber security, and service markets.
- Get a free copy of the StockNews.com research report on GSI Technology (GSIT)
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