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The closing price of GSI Technology Inc (NASDAQ: GSIT) was $3.53 for the day, up 2.32% from the previous closing price of $3.45. In other words, the price has increased by $2.32 from its previous closing price. On the day, 0.51 million shares were traded.
Ratios:
Our analysis of GSIT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.77 and its Current Ratio is at 3.32. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.29.
On April 12, 2010, Robert W. Baird Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $5 to $6.
Needham reiterated its Buy rating for the stock on February 06, 2009, while the target price for the stock was revised from $5 to $4.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 14 ’24 when NELSON BARBARA H sold 9,779 shares for $2.22 per share. The transaction valued at 21,670 led to the insider holds 0 shares of the business.
NELSON BARBARA H sold 7,236 shares of GSIT for $16,643 on Aug 15 ’24. The Director now owns 0 shares after completing the transaction at $2.30 per share. On Aug 01 ’24, another insider, NELSON BARBARA H, who serves as the Director of the company, sold 100 shares for $2.81 each. As a result, the insider received 280 and left with 0 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 4.40 while its Price-to-Book (P/B) ratio in mrq is 3.02.
Stock Price History:
Over the past 52 weeks, GSIT has reached a high of $4.90, while it has fallen to a 52-week low of $1.62. The 50-Day Moving Average of the stock is 33.07%, while the 200-Day Moving Average is calculated to be 20.93%.
Shares Statistics:
A total of 25.60M shares are outstanding, with a floating share count of 19.10M. Insiders hold about 25.41% of the company’s shares, while institutions hold 11.04% stake in the company.
