Netlist (OTCMKTS:NLST) Shares Climb 7.9% – What’s Next?

Netlist, Inc. (OTCMKTS:NLST)’s share price traded up 7.9% during mid-day trading on Monday. The stock traded as high as $6.44 and last traded at $6.33. 2,268,803 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 1,966,348 shares. The stock had previously closed at $5.8640.

Analysts Set New Price Targets

NLST has been the subject of a number of recent research reports. Zacks Research cut shares of Netlist from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Roth Capital reaffirmed a “buy” rating on shares of Netlist in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Netlist Stock Performance

The business has a fifty day simple moving average of $5.67 and a two-hundred day simple moving average of $3.05.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Netlist stock. Compass Financial Management LLC acquired a new stake in shares of Netlist, Inc. (OTCMKTS:NLST) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. Institutional investors own 0.01% of the company’s stock.

Netlist Company Profile

Netlist, Inc develops and licenses technologies for high-performance memory and storage systems used in data centers, cloud computing, and enterprise computing environments. The company’s work focuses on improving memory capacity, bandwidth, reliability, and data protection in servers and other computing platforms.

Netlist has developed products and technologies including nonvolatile memory solutions, registered memory modules, and hybrid memory architectures. Its portfolio has included NVvault nonvolatile memory products and other advanced memory modules designed to help preserve data during power interruptions and support demanding workloads.

Founded in 2000 and headquartered in Irvine, California, Netlist serves the computing and technology industries through product sales, technology development, and intellectual-property licensing.