Netlist, Inc. (OTCMKTS:NLST - Get Free Report)'s stock price 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 trading hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Netlist from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $2.00.
Get Our Latest Stock Report on NLST
Netlist Price Performance
The business's 50 day moving average price is $0.75 and its 200-day moving average price is $0.81. The company has a market cap of $251.67 million, a P/E ratio of -6.14 and a beta of 1.16.
Netlist (OTCMKTS:NLST - Get Free Report) last posted 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 firm had revenue of $41.71 million during the quarter, compared to the consensus estimate of $30.00 million. As a group, research analysts forecast that Netlist, Inc. will post -0.17 EPS for the current year.
About Netlist
(
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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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