Netlist (OTCMKTS:NLST) Shares Gap Down – Here’s Why

Shares of Netlist, Inc. (OTCMKTS:NLST) gapped down before the market opened on Tuesday. The stock had previously closed at $6.08, but opened at $5.77. Netlist shares last traded at $5.72, with a volume of 419,417 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently commented on NLST shares. Roth Capital reiterated a “buy” rating on shares of Netlist in a report on Wednesday, September 2nd. Zacks Research cut Netlist from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Netlist Trading Down 2.1%

The business has a 50-day moving average of $5.34 and a 200-day moving average of $3.49.

Institutional Inflows and Outflows

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 disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. 0.01% of the stock is owned by hedge funds and other institutional investors.

About Netlist

Netlist, Inc is a technology company that develops high-performance memory and storage solutions for enterprise computing, cloud infrastructure, data centers and other demanding applications. Its products are designed to improve system capacity, performance, reliability and efficiency in servers and computing platforms.

The company’s offerings have included memory modules based on DRAM technologies, including registered DIMMs and other specialized memory products, as well as solid-state storage and related solutions.