GSI Technology (NASDAQ:GSIT) Stock Passes Above Two Hundred Day Moving Average of $2.94

Shares of GSI Technology, Inc. (NASDAQ:GSIT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 Stock Down 19.8 %

The stock has a market cap of $74.89 million, a PE ratio of -3.70 and a beta of 0.99. The firm has a 50 day moving average price of $3.88 and a 200 day moving average price of $2.95.

Hedge Funds Weigh In On GSI Technology

A number of large investors have recently added to or reduced their stakes in GSIT. Silverberg Bernstein Capital Management LLC boosted its holdings in shares of GSI Technology by 2.2% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 453,131 shares of the semiconductor company’s stock valued at $1,541,000 after acquiring an additional 9,600 shares during the last quarter. Eudaimonia Partners LLC acquired a new stake in GSI Technology during the third quarter worth $40,000. Finally, Thompson Davis & CO. Inc. purchased a new stake in GSI Technology in the first quarter valued at $42,000. 33.15% of the stock is currently owned by institutional investors.

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.