Netlist Inc. (NLST) Hits New 12-Month High at $2.13
Netlist Inc. (NASDAQ:NLST) shares reached a new 52-week high on Wednesday . The company traded as high as $2.13 and last traded at $2.02, with a volume of 1,435,749 shares trading hands. The stock had previously closed at $1.79.
Separately, Zacks Investment Research raised shares of Netlist from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th.
The stock’s market capitalization is $105.27 million. The company’s 50-day moving average price is $1.59 and its 200 day moving average price is $1.37.
Netlist (NASDAQ:NLST) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.01. On average, analysts expect that Netlist Inc. will post ($0.18) earnings per share for the current year.
In other news, CEO Chun K. Hong sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $1.67, for a total value of $334,000.00. Following the transaction, the chief executive officer now owns 4,952,803 shares in the company, valued at approximately $8,271,181.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Netlist, Inc designs, manufactures and sells a range of memory subsystems for datacenter, data storage and computing markets. The Company operates in the segment of design and manufacture of memory subsystems for the server, computing and communications markets. The Company’s memory subsystems consist of combinations of dynamic random access memory integrated circuits (DRAM ICs or DRAM), NAND flash memory (NAND flash), application-specific integrated circuits (ASICs) and other components assembled on printed circuit boards (PCBs).
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