Netlist (OTCMKTS:NLST) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Netlist, Inc. (OTCMKTS:NLST) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.72 and traded as high as $0.8050. Netlist shares last traded at $0.7421, with a volume of 1,801,967 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NLST. Roth Capital reiterated a “buy” rating on shares of Netlist in a research note on Monday. Wall Street Zen upgraded shares of Netlist from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Netlist presently has an average rating of “Buy”.

Netlist Trading Down 3.5%

The stock has a 50 day moving average of $0.67 and a 200-day moving average of $0.72. The company has a market capitalization of $228.07 million, a P/E ratio of -5.30 and a beta of 1.25.

Netlist (OTCMKTS:NLST) last released its earnings results on Thursday, November 6th. The semiconductor company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $42.23 million for the quarter, compared to the consensus estimate of $42.00 million. As a group, sell-side analysts expect that Netlist, Inc. will post -0.17 EPS for the current fiscal year.

About Netlist

Netlist, Inc designs, manufactures, and markets memory subsystems for the server, high-performance computing, and communications markets in the United States and internationally. The company portfolio of proprietary technologies and design techniques, includes efficient planar design, alternative packaging techniques, and custom semiconductor logic, to deliver memory subsystems; and sells specialty memory modules and flash-based products for use in data center and industrial applications.