Press coverage about GSI Technology (NASDAQ:GSIT) has trended somewhat negative recently, according to AlphaOne Sentiment Analysis. The research group, a service of Accern, ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. GSI Technology earned a media sentiment score of -0.17 on AlphaOne’s scale. AlphaOne also assigned news headlines about the semiconductor company an impact score of 88 out of 100, meaning that recent press coverage is very likely to have an impact on the company’s share price in the next few days.
GSI Technology (NASDAQ:GSIT) opened at 8.38 on Tuesday. The company’s 50 day moving average is $7.95 and its 200 day moving average is $6.99. The stock’s market cap is $170.81 million. GSI Technology has a 12 month low of $3.85 and a 12 month high of $9.68.
GSI Technology (NASDAQ:GSIT) last announced its quarterly earnings results on Thursday, May 4th. The semiconductor company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The company had revenue of $10.40 million during the quarter, compared to analysts’ expectations of $10.40 million. GSI Technology had a net margin of 2.29% and a return on equity of 1.32%. The company’s quarterly revenue was down 14.8% compared to the same quarter last year. On average, analysts anticipate that GSI Technology will post $0.13 EPS for the current fiscal year. In other GSI Technology news, CEO Lee-Lean Shu sold 10,313 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $8.00, for a total value of $82,504.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Robert Yau sold 20,625 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $7.40, for a total transaction of $152,625.00. The disclosure for this sale can be found here. Insiders sold 51,563 shares of company stock worth $406,110 over the last quarter. 35.40% of the stock is currently owned by insiders.
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