Needham Cuts GSI Technology (GSIT) to Hold

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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