Netlist (OTCMKTS:NLST) Shares Down 15.9% – Time to Sell?

Shares of Netlist, Inc. (OTCMKTS:NLST) traded down 15.9% during trading on Thursday . The stock traded as low as $2.76 and last traded at $2.76. 1,332,462 shares traded hands during trading, a decline of 22% from the average session volume of 1,719,123 shares. The stock had previously closed at $3.2820.

Analyst Upgrades and Downgrades

Separately, Roth Mkm restated a “buy” rating and set a $5.00 price target on shares of Netlist in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $5.00.

Netlist Stock Down 6.5%

The company’s 50-day moving average price is $1.84 and its 200-day moving average price is $1.22. The firm has a market cap of $983.69 million, a price-to-earnings ratio of -153.50 and a beta of 1.33.

Netlist (OTCMKTS:NLST) last announced its earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. The company had revenue of $104.89 million during the quarter, compared to analyst estimates of $79.00 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.