Somewhat Positive News Coverage Somewhat Unlikely to Impact GSI Technology (GSIT) Share Price

News coverage about GSI Technology (NASDAQ:GSIT) has been trending somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. GSI Technology earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 47.0867745959117 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

GSI Technology (GSIT) opened at $7.92 on Tuesday. GSI Technology has a 1 year low of $5.00 and a 1 year high of $9.68.

GSI Technology (NASDAQ:GSIT) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.07). The business had revenue of $9.65 million for the quarter, compared to analysts’ expectations of $10.50 million. GSI Technology had a negative return on equity of 4.93% and a negative net margin of 10.08%. The business’s revenue for the quarter was down 27.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.03 EPS.

Separately, Needham & Company LLC reiterated a “hold” rating on shares of GSI Technology in a research report on Monday, July 31st.

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About GSI Technology

GSI Technology, Inc is a provider of Very Fast static random access memory (SRAM) products and low latency dynamic random access memory (LLDRAM) products. The Company operates through the design, development and sale of integrated circuits segment. Its products are incorporated primarily in high-performance networking and telecommunications equipment, such as routers, switches, area network infrastructure equipment, wireless base stations and network access equipment.

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