Netlist (OTCMKTS:NLST) Shares Gap Down – Here’s Why

Netlist, Inc. (OTCMKTS:NLST) gapped down before the market opened on Tuesday. The stock had previously closed at $6.08, but opened at $5.77. Netlist shares last traded at $5.72, with a volume of 419,417 shares trading hands.

Analyst Ratings Changes

A number of research firms have commented on NLST. Zacks Research downgraded shares of Netlist from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Roth Capital reissued a “buy” rating on shares of Netlist in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Netlist Trading Down 2.1%

The firm has a fifty day moving average price of $5.34 and a 200 day moving average price of $3.49.

Hedge Funds Weigh In On Netlist

An institutional investor recently bought a new stake in Netlist stock. Compass Financial Management LLC purchased a new stake in Netlist, Inc. (OTCMKTS:NLST) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. Institutional investors and hedge funds own 0.01% of the company’s stock.

About Netlist

Netlist, Inc is a technology company that develops high-performance memory and storage solutions for enterprise computing, cloud infrastructure, data centers and other demanding applications. Its products are designed to improve system capacity, performance, reliability and efficiency in servers and computing platforms.

The company’s offerings have included memory modules based on DRAM technologies, including registered DIMMs and other specialized memory products, as well as solid-state storage and related solutions.