Somewhat Positive Media Coverage Somewhat Unlikely to Affect GSI Technology (GSIT) Stock Price
Media coverage about GSI Technology (NASDAQ:GSIT) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. GSI Technology earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 46.4405196222953 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Separately, Needham & Company LLC reiterated a “hold” rating on shares of GSI Technology in a research report on Monday, July 31st.
GSI Technology (GSIT) opened at 6.25 on Friday. The firm has a 50-day moving average price of $7.47 and a 200 day moving average price of $7.62. The company’s market capitalization is $131.31 million. GSI Technology has a 52-week low of $4.46 and a 52-week high of $9.68.
GSI Technology (NASDAQ:GSIT) last posted its quarterly earnings data on Thursday, July 27th. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by $0.09. GSI Technology had a negative return on equity of 2.19% and a negative net margin of 4.11%. The firm had revenue of $10.69 million during the quarter, compared to analysts’ expectations of $11.50 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. GSI Technology’s revenue for the quarter was down 17.4% compared to the same quarter last year. On average, analysts predict that GSI Technology will post $0.01 earnings per share for the current fiscal year.
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GSI Technology Company Profile
GSI Technology, Inc is a provider of Very Fast static random access memory (SRAM) products and low latency dynamic random access memory (LLDRAM) products. The Company operates through the design, development and sale of integrated circuits segment. Its products are incorporated primarily in high-performance networking and telecommunications equipment, such as routers, switches, area network infrastructure equipment, wireless base stations and network access equipment.
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