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Needham Cuts GSI Technology (GSIT) to Hold

October 28, 2011 1:33 PM EDT
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Price: $4.70 --0%

Rating Summary:
    0 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Shares of thinly-traded GSI Technology (NASDAQ: GSIT) are volatile Friday afternoon following a mid-day downgrade from Needham's Rajvindra Gill. The analyst now rates the stock a Hold, down from Buy previously. Gill suspended Needham's $6 price target on GSI shares.

Traders are responding to a Q2 miss and guidance Thursday afternoon.

The stock is now down 1.4 percent to $4.91.

For more ratings news on GSI Technology click here and for the rating history of GSI Technology

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