Netlist (OTCMKTS:NLST) Shares Cross Above 200 Day Moving Average - Should You Sell?

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)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Netlist from a "sell" rating to a "hold" rating in a research report on Saturday.

Netlist Stock Performance

The company has a market capitalization of $251.11 million, a price-to-earnings ratio of -6.13 and a beta of 0.96. The business's 50-day simple moving average is $0.69 and its 200-day simple moving average is $0.79.

Netlist (OTCMKTS:NLST - Get Free Report) last released its 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 analyst estimates of $30.00 million. On average, 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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