Netlist (OTCMKTS:NLST) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Netlist, Inc. (OTCMKTS:NLST)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.76 and traded as high as $1.19. Netlist shares last traded at $1.12, with a volume of 1,410,837 shares.

Analyst Ratings Changes

Separately, Roth Mkm reiterated a “buy” rating on shares of Netlist in a research note on Monday, December 1st. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy”.

Netlist Stock Down 3.3%

The firm’s fifty day simple moving average is $0.82 and its 200-day simple moving average is $0.76. The company has a market cap of $344.58 million, a PE ratio of -9.33 and a beta of 1.44.

Netlist (OTCMKTS:NLST) last posted 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 business had revenue of $42.23 million during the quarter, compared to the consensus estimate of $42.00 million. On average, analysts predict that Netlist, Inc. will post -0.17 earnings per share for the current 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.