Netlist, Inc. (OTCMKTS:NLST – Get Free Report) shares crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $5.76 and traded as high as $6.30. Netlist shares last traded at $6.25, with a volume of 1,667,772 shares.
Wall Street Analyst Weigh In
NLST has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of Netlist from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Roth Capital reaffirmed a “buy” rating on shares of Netlist in a research note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Netlist currently has an average rating of “Moderate Buy” and an average price target of $15.00.
Check Out Our Latest Stock Analysis on Netlist
Netlist Stock Performance
The business’s 50 day moving average is $5.76 and its two-hundred day moving average is $3.28.
Institutional Trading of Netlist
An institutional investor recently bought a new stake in Netlist stock. Compass Financial Management LLC acquired a new stake in Netlist, Inc. (OTCMKTS:NLST – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. 0.01% of the stock is owned by institutional investors and hedge funds.
Netlist Company Profile
Netlist, Inc develops and supplies memory products and technologies for data-intensive computing. Its offerings include memory modules and memory subsystems used in servers, storage systems and other computing platforms.
The company’s products include NVVault and other solutions designed to support data protection and performance in enterprise systems. Netlist also develops memory architectures and holds patents related to memory technology, which it seeks to commercialize through product sales and intellectual-property licensing.
Based in Irvine, California, Netlist serves customers in the data-center and enterprise-computing markets.
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