Today, the VP, Taiwan Operations of GSI Technology (NASDAQ: GSIT), Bor-Tay Wu, bought shares of GSIT for $62.74K.
Following Bor-Tay Wu’s last GSIT Buy transaction on February 23, 2010, the stock climbed by 2.5%. Following this transaction Bor-Tay Wu’s holding in the company was increased by 1.61% to a total of $6.53 million.
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Based on GSI Technology’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $11.19 million and quarterly net profit of $265K. In comparison, last year the company earned revenue of $10.39 million and had a GAAP net loss of $1.35 million. The company has a one-year high of $8.94 and a one-year low of $6.05. Currently, GSI Technology has an average volume of 29.85K.
The insider sentiment on GSI Technology has been positive according to 23 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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GSI Technology, Inc. designs, develops and markets 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.
