Stocks of GSI Technology Inc (NASDAQ:GSIT) traded higher last session on Wall Street, up 1.25% to $3.25.
GSIT stock price is now 16.10% away from the 50-day moving average and 10.24% away from the 200-day moving average. The market capitalization of the company currently stands at $83.21M.
On April 12, 2010, Robert W. Baird Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $5 to quote $6, while ‘Needham’ rates the stock as ‘Buy’
In other news, NELSON BARBARA H, Director sold 9,779 shares of the company’s stock on Aug 14 ’24. The stock was sold for $21,670 at an average price of $2.22. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15 ’24, Director NELSON BARBARA H sold 7,236 shares of the business’s stock. A total of $16,643 was realized by selling the stock at an average price of $2.30. A total of 25.41% of the company’s stock is owned by insiders.
During the past 12 months, GSI Technology Inc has had a low of $1.62 and a high of $4.90. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 3.32, and a quick ratio of 2.77. The fifty day moving average price for GSIT is $2.7996 and a two-hundred day moving average price translates $2.9483 for the stock.
The latest earnings results from GSI Technology Inc (NASDAQ: GSIT) was released for 2025-03-31. The net profit margin was -51.85% and return on equity was -33.15% for GSIT. The company reported revenue of $5.41 million for the quarter, compared to $5.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.81 percent.
