Media stories about GSI Technology (NASDAQ:GSIT) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. GSI Technology earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 45.2728925488937 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
NASDAQ GSIT traded down $0.32 during trading hours on Friday, reaching $7.13. 1,480,898 shares of the company’s stock traded hands, compared to its average volume of 51,164. GSI Technology has a 52-week low of $6.05 and a 52-week high of $8.94.
GSI Technology (NASDAQ:GSIT) last issued its quarterly earnings results on Thursday, May 3rd. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter. GSI Technology had a negative net margin of 10.59% and a negative return on equity of 5.24%. The company had revenue of $11.19 million during the quarter.
GSIT has been the subject of a number of recent research reports. TheStreet raised shares of GSI Technology from a “d+” rating to a “c-” rating in a research report on Monday, March 12th. ValuEngine raised shares of GSI Technology from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th.
In other GSI Technology news, VP Bor-Tay Wu sold 14,590 shares of the firm’s stock in a transaction dated Thursday, May 3rd. The shares were sold at an average price of $7.48, for a total transaction of $109,133.20. Following the completion of the sale, the vice president now directly owns 918,535 shares in the company, valued at approximately $6,870,641.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Douglas Schirle sold 20,625 shares of the firm’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $7.47, for a total transaction of $154,068.75. The disclosure for this sale can be found here. Company insiders own 34.20% of the company’s stock.
About GSI Technology
GSI Technology, Inc, a fabless semiconductor company, designs, develops, and markets memory products primarily for the networking and telecommunications markets in the United States, China, Singapore, the Netherlands, and internationally. It offers synchronous static random access memory (SRAM) products, such as BurstRAMs for microprocessor cache applications; No Bus Turnaround SRAMs to address the needs of moderate performance networking applications; SigmaQuad and SigmaDDR products that are double data rate and quad data rate synchronous SRAMs; and radiation-hardened SRAMs for aerospace and military applications, such as networking satellites and missiles.
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