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

Key Points

• Netlist's stock price has surpassed its 200-day moving average, trading at $0.86 with a high of $0.88.
• Wall Street analysts have upgraded Netlist from a "sell" to a "hold" rating, with an average price target of $2.00.
• The company reported earnings of ($0.02) EPS, meeting expectations, and achieved a revenue of $41.71 million for the quarter.

Shares of Netlist, Inc. (OTCMKTS:NLST - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.81 and traded as high as $0.88. Netlist shares last traded at $0.86, with a volume of 297,414 shares changing hands.

Wall Street Analysts Forecast Growth

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

Netlist Stock Performance

The firm has a 50 day simple moving average of $0.76 and a 200 day simple moving average of $0.81. The firm has a market cap of $242.91 million, a P/E ratio of -5.93 and a beta of 1.16.

Netlist (OTCMKTS:NLST - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The semiconductor company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The business had revenue of $41.71 million during the quarter, compared to analysts' expectations of $30.00 million. Sell-side analysts predict 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.