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

Netlist, Inc. (OTCMKTS:NLST - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.90 and traded as high as $0.90. Netlist shares last traded at $0.89, with a volume of 323,254 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Netlist from a "hold" rating to a "sell" rating in a research report on Wednesday, January 15th.

Netlist Stock Performance

The firm's 50-day simple moving average is $0.94 and its 200-day simple moving average is $0.90. The company has a market capitalization of $244.42 million, a price-to-earnings ratio of -4.05 and a beta of 0.82.

Netlist (OTCMKTS:NLST - Get Free Report) last released its earnings results on Thursday, March 27th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.02). The firm had revenue of $30.00 million for the quarter, compared to analyst estimates of $30.00 million. Netlist had a negative return on equity of 852.20% and a negative net margin of 37.19%. Equities research analysts forecast that Netlist, Inc. will post -0.17 earnings per share for the current year.

About Netlist

Netlist, Inc designs, manufactures, and markets memory subsystems for the server, high-performance computing, and communications markets in the United States and internationally. The company portfolio of proprietary technologies and design techniques, includes efficient planar design, alternative packaging techniques, and custom semiconductor logic, to deliver memory subsystems; and sells specialty memory modules and flash-based products for use in data center and industrial applications.

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