Netlist (OTCMKTS:NLST) Stock Price Down 6.1% – What’s Next?

Netlist, Inc. (OTCMKTS:NLST)’s stock price was down 6.1% on Thursday . The stock traded as low as $4.28 and last traded at $4.3480. 1,080,782 shares were traded during trading, a decline of 47% from the average session volume of 2,036,028 shares. The stock had previously closed at $4.63.

Analysts Set New Price Targets

NLST has been the subject of a number of recent research reports. Roth Capital restated a “buy” rating on shares of Netlist in a research note on Wednesday, September 2nd. Zacks Research downgraded shares of Netlist from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Netlist presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Netlist Price Performance

The stock’s 50 day moving average is $4.01 and its two-hundred day moving average is $2.82.

Institutional Investors Weigh In On Netlist

A hedge fund recently bought a new position in Netlist stock. Compass Financial Management LLC bought a new position in shares of Netlist, Inc. (OTCMKTS:NLST) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. Institutional investors own 0.01% of the company’s stock.

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.