Netlist, Inc. (OTCMKTS:NLST – Get Free Report) gapped up prior to trading on Monday. The stock had previously closed at $5.20, but opened at $5.73. Netlist shares last traded at $6.02, with a volume of 301,475 shares changing hands.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on NLST. Zacks Research lowered shares of Netlist from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Roth Capital restated a “buy” rating on shares of Netlist in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.00.
Get Our Latest Analysis on NLST
Netlist Trading Up 7.2%
The business has a fifty day moving average price of $5.77 and a 200 day moving average price of $3.25.
Institutional Inflows and Outflows
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) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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
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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