Netlist (OTCMKTS:NLST) Hits New 1-Year High – Here’s What Happened

Netlist, Inc. (OTCMKTS:NLST) reached a new 52-week high during trading on Tuesday . The stock traded as high as $1.86 and last traded at $1.78, with a volume of 962759 shares changing hands. The stock had previously closed at $1.67.

Wall Street Analyst Weigh In

Separately, Roth Mkm reiterated a “buy” rating on shares of Netlist in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Netlist currently has an average rating of “Buy”.

Netlist Stock Up 4.8%

The stock has a market cap of $554.49 million, a PE ratio of -21.88 and a beta of 1.42. The firm has a 50-day simple moving average of $1.22 and a 200-day simple moving average of $0.91.

Netlist (OTCMKTS:NLST) last posted its quarterly earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $75.72 million during the quarter, compared to the consensus estimate of $44.00 million. On average, research analysts expect that Netlist, Inc. will post -0.17 earnings per share for the current year.

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.