Netlist (OTCMKTS:NLST) Sees Large Volume Increase – Still a Buy?

Shares of Netlist, Inc. (OTCMKTS:NLST) saw an uptick in trading volume on Friday . 3,664,388 shares traded hands during trading, an increase of 164% from the previous session’s volume of 1,385,457 shares.The stock last traded at $2.97 and had previously closed at $2.68.

Netlist Stock Up 10.8%

The stock’s 50-day moving average price is $1.68 and its 200 day moving average price is $1.15. The company has a market cap of $951.65 million, a P/E ratio of -37.13 and a beta of 1.33.

Netlist (OTCMKTS:NLST) last posted its earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $75.72 million during the quarter, compared to analyst estimates of $44.00 million.

Netlist Company Profile

Netlist, Inc is a technology company specializing in the design and development of high-performance memory and storage subsystems for enterprise and data center applications. The company’s product portfolio encompasses advanced memory modules, nonvolatile memory express (NVMe) solid-state drives and intelligent memory expansion systems. These solutions are engineered to boost memory density, bandwidth and overall system performance in hyperscale, cloud computing and high-performance computing environments.

Headquartered in Irvine, California, Netlist serves customers across the Americas and Asia through a combination of direct sales and channel distribution partners.