Netlist (OTCMKTS:NLST) Shares Break Above Fifty Day Moving Average – Here’s Why

Shares of Netlist, Inc. (OTCMKTS:NLST) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $5.76 and traded as high as $6.30. Netlist shares last traded at $6.25, with a volume of 1,667,772 shares traded.

Wall Street Analysts Forecast Growth

Separately, Roth Capital restated a “buy” rating on shares of Netlist in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $15.00.

Netlist Price Performance

The business’s fifty day moving average is $5.74 and its 200-day moving average is $3.33. The firm has a market cap of $2.32 billion, a PE ratio of 26.79 and a beta of 1.35.

Netlist (OTCMKTS:NLST) last announced its quarterly earnings data on Tuesday, November 10th. The semiconductor company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.38). The company had revenue of $105.10 million during the quarter, compared to the consensus estimate of $308.60 million. Netlist had a return on equity of 984.17% and a net margin of 23.57%. Analysts forecast that Netlist, Inc. will post 0.87 EPS for the current year.

Institutional Investors Weigh In On Netlist

A hedge fund recently bought a new position in Netlist stock. Compass Financial Management LLC acquired a new stake in Netlist, Inc. (OTCMKTS:NLST) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. 0.01% of the stock is currently owned by institutional investors and hedge funds.

About Netlist

Netlist, Inc. develops and supplies memory products and technologies for data-intensive computing. Its offerings include memory modules and memory subsystems used in servers, storage systems and other computing platforms. The company’s products include NVVault and other solutions designed to support data protection and performance in enterprise systems. Netlist also develops memory architectures and holds patents related to memory technology, which it seeks to commercialize through product sales and intellectual-property licensing.