Netlist (OTCMKTS:NLST) Shares Cross Above 200-Day Moving Average – Should You Sell?

Netlist, Inc. (OTCMKTS:NLST)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.74 and traded as high as $1.02. Netlist shares last traded at $1.0040, with a volume of 780,940 shares traded.

Wall Street Analyst Weigh In

Separately, Roth Capital restated a “buy” rating on shares of Netlist in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

Netlist Stock Performance

The stock’s 50-day moving average is $0.76 and its 200 day moving average is $0.74. The stock has a market capitalization of $308.60 million, a PE ratio of -8.37 and a beta of 1.44.

Netlist (OTCMKTS:NLST) last announced its quarterly earnings results on Thursday, November 6th. The semiconductor company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The company had revenue of $42.23 million for the quarter, compared to analysts’ expectations of $42.00 million. Analysts expect that Netlist, Inc. will post -0.17 earnings per share for the current year.

Netlist Company Profile

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.