Netlist (OTCMKTS:NLST) Trading Down 6.2% – Here’s Why

Netlist, Inc. (OTCMKTS:NLST) traded down 6.2% during mid-day trading on Tuesday . The company traded as low as $2.48 and last traded at $2.57. 1,077,323 shares traded hands during trading, a decline of 18% from the average session volume of 1,313,632 shares. The stock had previously closed at $2.74.

Netlist Price Performance

The business has a fifty day moving average of $1.58 and a 200 day moving average of $1.10. The stock has a market cap of $849.66 million, a PE ratio of -33.25 and a beta of 1.33.

Netlist (OTCMKTS:NLST) last announced its earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $75.72 million during the quarter, compared to analyst estimates of $44.00 million.

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.