Netlist (OTCMKTS:NLST) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Netlist, Inc. (OTCMKTS:NLST) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.72 and traded as high as $0.88. Netlist shares last traded at $0.87, with a volume of 757,988 shares.

Wall Street Analyst Weigh In

Separately, Roth Capital restated a “buy” rating on shares of Netlist in a report on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Netlist currently has a consensus rating of “Buy”.

Netlist Stock Up 0.5%

The stock has a market capitalization of $267.41 million, a price-to-earnings ratio of -7.25 and a beta of 1.47. The company has a 50 day moving average of $0.68 and a 200 day moving average of $0.72.

Netlist (OTCMKTS:NLST) last released its earnings results on Thursday, November 6th. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $42.23 million for the quarter, compared to analyst estimates of $42.00 million. On average, research analysts forecast that Netlist, Inc. will post -0.17 earnings per share for the current fiscal year.

Netlist Company Profile

Netlist, Inc is a technology company specializing in the design and development of high-performance memory and storage subsystems for enterprise and data center applications. The company’s product portfolio encompasses advanced memory modules, nonvolatile memory express (NVMe) solid-state drives and intelligent memory expansion systems. These solutions are engineered to boost memory density, bandwidth and overall system performance in hyperscale, cloud computing and high-performance computing environments.

Headquartered in Irvine, California, Netlist serves customers across the Americas and Asia through a combination of direct sales and channel distribution partners.