Netlist (OTCMKTS:NLST) Trading 6.3% Higher – Should You Buy?

Shares of Netlist, Inc. (OTCMKTS:NLST) were up 6.3% on Friday . The company traded as high as $5.14 and last traded at $5.08. 1,047,105 shares were traded during mid-day trading, a decline of 48% from the average session volume of 2,011,013 shares. The stock had previously closed at $4.78.

Analysts Set New Price Targets

Several research firms recently commented on NLST. Zacks Research downgraded 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 research note on Wednesday, September 2nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Netlist has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Netlist Stock Performance

The company has a 50 day moving average of $4.23 and a two-hundred day moving average of $2.97.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Netlist stock. Compass Financial Management LLC bought a new stake in shares of Netlist, Inc. (OTCMKTS:NLST) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 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 is a semiconductor technology company that develops high-performance memory solutions for data center, enterprise, and other computing applications. The company’s technologies are designed to improve memory capacity, performance, reliability, and power efficiency in systems that process and store large volumes of data.

Netlist’s product portfolio has included nonvolatile memory products, memory modules, and related technologies such as NVvault and HybriDIMM. These solutions combine memory components with technologies intended to provide data persistence, increased memory capacity, and improved system performance.