GSI Technology (NASDAQ:GSIT) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

GSI Technology, Inc. (NASDAQ:GSIT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.99 and traded as high as $3.51. GSI Technology shares last traded at $3.43, with a volume of 188,540 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of GSI Technology from a “sell” rating to a “hold” rating in a research report on Monday, August 5th.

GSI Technology Stock Down 1.2 %

The firm has a fifty day moving average price of $3.08 and a 200 day moving average price of $2.98.

GSI Technology (NASDAQ:GSIT) last released its quarterly earnings results on Thursday, October 24th. The semiconductor company reported ($0.21) earnings per share (EPS) for the quarter. The business had revenue of $4.55 million during the quarter. GSI Technology had a negative net margin of 66.67% and a negative return on equity of 46.39%.

Institutional Trading of GSI Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GSIT. American Century Companies Inc. boosted its holdings in GSI Technology by 42.3% during the second quarter. American Century Companies Inc. now owns 19,827 shares of the semiconductor company’s stock worth $53,000 after buying an additional 5,890 shares during the last quarter. Virtu Financial LLC acquired a new stake in GSI Technology during the 1st quarter worth approximately $135,000. Silverberg Bernstein Capital Management LLC boosted its holdings in shares of GSI Technology by 1.3% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 471,986 shares of the semiconductor company’s stock valued at $1,440,000 after buying an additional 6,012 shares during the period. Viawealth LLC increased its position in shares of GSI Technology by 82.4% during the first quarter. Viawealth LLC now owns 23,350 shares of the semiconductor company’s stock worth $79,000 after acquiring an additional 10,550 shares in the last quarter. Finally, Thompson Davis & CO. Inc. acquired a new stake in shares of GSI Technology during the first quarter worth $42,000. 33.15% of the stock is currently owned by institutional investors and hedge funds.

About GSI Technology

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.