Netlist (OTCMKTS:NLST) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Netlist's stock price rose above its 200-day moving average, hitting a high of $0.87 during trading and closing at $0.85, with a volume of 313,387 shares.
• Analysts from Wall Street Zen upgraded Netlist's rating from "sell" to "hold", with a consensus rating of "Buy" and an average target price of $2.00.
• Netlist reported quarterly earnings that met expectations, showing revenue of $41.71 million, significantly exceeding the consensus estimate of $30.00 million.

Netlist, Inc. (OTCMKTS:NLST - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.80 and traded as high as $0.87. Netlist shares last traded at $0.85, with a volume of 313,387 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Netlist from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Netlist presently has a consensus rating of "Buy" and a consensus target price of $2.00.

Netlist Trading Down 0.1%

The stock has a market capitalization of $241.42 million, a P/E ratio of -5.89 and a beta of 1.16. The company's 50-day moving average is $0.71 and its two-hundred day moving average is $0.80.

Netlist (OTCMKTS:NLST - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The semiconductor company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The firm had revenue of $41.71 million during the quarter, compared to the consensus estimate of $30.00 million. Sell-side analysts expect that Netlist, Inc. will post -0.17 EPS for the current fiscal year.

Netlist Company Profile

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.