Netlist (OTCMKTS:NLST) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Netlist, Inc. (OTCMKTS:NLST) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.96 and traded as high as $2.53. Netlist shares last traded at $2.53, with a volume of 447,936 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NLST shares. Zacks Research downgraded shares of Netlist from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Roth Capital reaffirmed a “buy” rating on shares of Netlist in a report on Thursday, July 16th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5.00.

Netlist Stock Performance

The stock has a 50-day moving average price of $2.81 and a two-hundred day moving average price of $1.96. The stock has a market capitalization of $844.74 million, a PE ratio of -126.50 and a beta of 1.33.

Netlist (OTCMKTS:NLST) last released its earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. The firm had revenue of $104.89 million during the quarter, compared to analysts’ expectations of $79.00 million. As a group, equities analysts predict that Netlist, Inc. will post 0.03 earnings per share 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.