Netlist (OTCMKTS:NLST) Shares Pass Above 200-Day Moving Average – Should You Sell?

Netlist, Inc. (OTCMKTS:NLST) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.96 and traded as high as $2.53. Netlist shares last traded at $2.53, with a volume of 447,936 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Roth Capital restated a “buy” rating on shares of Netlist in a research report on Thursday, July 16th. Zacks Research lowered shares of Netlist from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5.00.

Netlist Price Performance

The company has a 50 day simple moving average of $2.80 and a 200-day simple moving average of $1.97. The stock has a market cap of $834.73 million, a P/E ratio of -125.00 and a beta of 1.33.

Netlist (OTCMKTS:NLST) last announced its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. The firm had revenue of $104.89 million for the quarter, compared to the consensus estimate of $79.00 million. As a group, research analysts expect that Netlist, Inc. will post 0.03 earnings per share for the current year.

About Netlist

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.