News headlines about GSI Technology (NASDAQ:GSIT) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. GSI Technology earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 47.0191931688579 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Shares of GSI Technology (NASDAQ:GSIT) traded down $0.36 during midday trading on Friday, reaching $8.02. The company’s stock had a trading volume of 96,934 shares, compared to its average volume of 62,396. The company has a market cap of $161.82, a PE ratio of -40.10 and a beta of 0.77. GSI Technology has a 1-year low of $5.58 and a 1-year high of $9.68.

GSI Technology (NASDAQ:GSIT) last posted its quarterly earnings data on Thursday, October 26th. The semiconductor company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.07). The business had revenue of $9.65 million during the quarter, compared to analyst estimates of $10.50 million. GSI Technology had a negative return on equity of 8.10% and a negative net margin of 18.04%. The firm’s revenue for the quarter was down 27.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.03 EPS.

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of GSI Technology in a research report on Thursday, October 26th.

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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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