Shares of Netlist, Inc. (OTCMKTS:NLST – Get Free Report) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $3.67 and traded as high as $6.08. Netlist shares last traded at $5.8640, with a volume of 673,596 shares changing hands.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on NLST shares. Roth Capital reaffirmed a “buy” rating on shares of Netlist in a report on Wednesday, September 2nd. Zacks Research lowered shares of Netlist from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.
Check Out Our Latest Stock Analysis on NLST
Netlist Stock Down 5.3%
The stock has a fifty day moving average price of $5.63 and a 200-day moving average price of $3.73.
Institutional Investors Weigh In On Netlist
A hedge fund recently bought a new stake in Netlist stock. Compass Financial Management LLC bought a new position in shares of Netlist, Inc. (OTCMKTS:NLST – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. Institutional investors and hedge funds own 0.01% of the company’s stock.
About Netlist
Netlist, Inc develops and licenses technologies for high-performance memory and storage systems used in data centers, cloud computing, and enterprise computing environments. The company’s work focuses on improving memory capacity, bandwidth, reliability, and data protection in servers and other computing platforms.
Netlist has developed products and technologies including nonvolatile memory solutions, registered memory modules, and hybrid memory architectures. Its portfolio has included NVvault nonvolatile memory products and other advanced memory modules designed to help preserve data during power interruptions and support demanding workloads.
Founded in 2000 and headquartered in Irvine, California, Netlist serves the computing and technology industries through product sales, technology development, and intellectual-property licensing.
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