Netlist (OTCMKTS:NLST) Stock Price Down 6.1% – Here’s What Happened

Shares of Netlist, Inc. (OTCMKTS:NLSTGet Free Report) traded down 6.1% on Thursday . The company 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

Several brokerages have recently issued reports on NLST. Zacks Research lowered Netlist from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Roth Capital reiterated a “buy” rating on shares of Netlist in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.00.

Check Out Our Latest Analysis on Netlist

Netlist Stock Up 4.2%

The company’s fifty day moving average is $4.08 and its two-hundred day moving average is $2.85.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Netlist stock. Compass Financial Management LLC purchased a new position in Netlist, Inc. (OTCMKTS:NLSTFree Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. 0.01% of the stock is currently owned by institutional investors.

About Netlist

(Get Free Report)

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.

Further Reading

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