GCT Semiconductor (NYSE:GCTS) Shares Down 3%

GCT Semiconductor Holding, Inc. (NYSE:GCTSGet Free Report) shares were down 3% on Thursday . The stock traded as low as $3.07 and last traded at $3.10. Approximately 178,917 shares were traded during trading, a decline of 69% from the average daily volume of 580,256 shares. The stock had previously closed at $3.19.

GCT Semiconductor Stock Performance

The stock’s 50 day moving average price is $5.83.

GCT Semiconductor (NYSE:GCTSGet Free Report) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.41) earnings per share (EPS) for the quarter. The firm had revenue of $3.27 million during the quarter.

GCT Semiconductor Company Profile

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GCT Semiconductor Holding, Inc, operates as a fabless semiconductor company, designs, develops, and markets integrated circuits for the wireless semiconductor industry. The company provides RF and modem chipsets based on 4G LTE technology, including 4G LTE, 4.5G LTE Advanced, and 4.75G LTE Advanced-Pro.

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