GSI Technology Inc. (GSIT, Financial) experienced a 5.35% decline in its stock price, trading at $3.01 per share with a trading volume of 89,999 shares and a turnover rate of 0.35%. The stock's amplitude stood at 6.45%.
Recent financial reports indicated that GSI Technology achieved a revenue of $4.67 million and a net profit of $1.08 million, with earnings per share of $0.04 and a gross profit of $2.16 million. The price-to-earnings ratio was -5.55.
Currently, there are no institutional ratings for GSI Technology (GSIT, Financial) regarding "buy," "hold," or "sell" recommendations.
Within the semiconductor sector, which saw an overall decline of 1.37%, other notable stocks included Sequans Communications, Daqo New Energy, and Acm Research, Inc., which experienced significant rises. Meanwhile, Wolfspeed, Inc., WiSA Technologies, and Acm Research, Inc. had higher turnover rates of 4.50%, 3.55%, and 2.59%, respectively. Stocks with larger amplitude included GigaDevice, Smart Chain Group, and Sealsq Corp, with amplitudes of 29.70%, 18.32%, and 10.64%, respectively.
GSI Technology Inc. specializes in high-performance semiconductor storage solutions, particularly ultra-fast static random-access memory (SRAM), which are integral to high-performance networking and telecommunications equipment. Its main markets include military, aerospace, industrial, automotive, and medical sectors. The company operates in China, Singapore, the Netherlands, Germany, and the United States.
