Netlist (OTCMKTS:NLST) Shares Cross 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 Tuesday . The stock has a two hundred day moving average of $0.74 and traded as high as $1.02. Netlist shares last traded at $1.0040, with a volume of 780,940 shares.

Analyst Upgrades and Downgrades

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

Netlist Trading Up 4.7%

The company has a 50 day simple moving average of $0.76 and a 200 day simple moving average of $0.74. The stock has a market capitalization of $308.60 million, a PE ratio of -8.37 and a beta of 1.44.

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

About Netlist

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.