Netlist (OTCMKTS:NLST) Stock Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Netlist's stock price recently surpassed its two hundred day moving average, reaching a high of $0.87 during trading.
• Analysts at Wall Street Zen upgraded Netlist's rating from "sell" to "hold," reflecting a more favorable outlook on the company's stock.
• For the latest quarter, Netlist reported earnings of ($0.02) per share, meeting expectations, with a revenue of $41.71 million that exceeded analyst estimates of $30 million.

Netlist, Inc. (OTCMKTS:NLST - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.79 and traded as high as $0.87. Netlist shares last traded at $0.86, with a volume of 887,857 shares.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Netlist from a "sell" rating to a "hold" rating in a report on Friday. One analyst has rated the stock with a Buy rating, According to MarketBeat, Netlist has an average rating of "Buy" and an average price target of $2.00.

Netlist Trading Down 0.6%

The company has a market cap of $245.81 million, a PE ratio of -6.00 and a beta of 0.96. The business has a fifty day moving average of $0.70 and a 200-day moving average of $0.79.

Netlist (OTCMKTS:NLST - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.02). The business had revenue of $41.71 million for the quarter, compared to analysts' expectations of $30.00 million. As a group, research analysts predict that Netlist, Inc. will post -0.17 EPS 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.