Netlist (OTCMKTS:NLST) Shares Cross Above 200 Day Moving Average – Here’s Why

Netlist, Inc. (OTCMKTS:NLST) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.78 and traded as high as $1.28. Netlist shares last traded at $1.20, with a volume of 896,399 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a “buy” rating on shares of Netlist in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

Netlist Trading Up 0.8%

The stock has a market cap of $369.19 million, a PE ratio of -10.00 and a beta of 1.44. The firm has a fifty day simple moving average of $0.90 and a two-hundred day simple moving average of $0.78.

Netlist (OTCMKTS:NLST) last announced its earnings results on Thursday, November 6th. The semiconductor company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates 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. Equities analysts forecast 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.