GSI Technology (GSIT) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS
GSI Technology (NASDAQ:GSIT) released its earnings data on Friday. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.08) by $0.07, Analyst Ratings.Net reports. The company had revenue of $13.78 million for the quarter, compared to the consensus estimate of $14.50 million.
GSI Technology (NASDAQ:GSIT) opened at 6.76 on Friday. GSI Technology has a 52-week low of $5.53 and a 52-week high of $7.40. The stock’s 50-day moving average is $6.59 and its 200-day moving average is $6.75. The company has a market cap of $187.4 million and a price-to-earnings ratio of 105.31.
GSI Technology, Inc develops and markets memory products, including static random accesses memory (NASDAQ:GSIT) and low latency dynamic random access memory (LLDRAM), that are incorporated primarily in networking and telecommunications equipment, such as routers, switches, wide area network infrastructure equipment, wireless base stations and network access equipment.
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