GSI Technology (NASDAQ:GSIT) Share Price Passes Above 200-Day Moving Average of $2.94

GSI Technology, Inc. (NASDAQ:GSIT)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.94 and traded as high as $4.03. GSI Technology shares last traded at $3.69, with a volume of 198,875 shares traded.

GSI Technology Trading Down 19.8 %

The stock has a market cap of $74.89 million, a price-to-earnings ratio of -3.70 and a beta of 0.99. The stock’s 50-day moving average price is $3.88 and its 200-day moving average price is $2.95.

Institutional Trading of GSI Technology

A number of large investors have recently bought and sold shares of the business. Silverberg Bernstein Capital Management LLC acquired a new stake in GSI Technology during the fourth quarter worth approximately $1,171,000. Eudaimonia Partners LLC bought a new position in shares of GSI Technology during the 3rd quarter worth approximately $40,000. Finally, Thompson Davis & CO. Inc. acquired a new stake in shares of GSI Technology during the 1st quarter worth approximately $42,000. 33.15% of the stock is currently owned by institutional investors and hedge funds.

GSI Technology Company Profile

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.