In a report released yesterday, Rajvindra Gill from Needham maintained a Hold rating on GSI Technology (GSIT). The company’s shares closed yesterday at $7.80.
According to TipRanks.com, Gill is a 5-star analyst with an average return of 12.3% and a 59.3% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Everspin Technologies Inc, and Smart Global Holdings Inc.
The the analyst consensus on GSI Technology is currently a Hold rating.
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Based on GSI Technology’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $102K. In comparison, last year the company had a net profit of $265K.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GSIT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
GSI Technology, Inc. engages in the design and development of high performance memory products for networking, military, medical, automotive and other applications. It offers long product support life cycles, short lead times, the largest high performance memory product portfolio in the market and complete pre and post-sale support.
