Netlist (OTCMKTS:NLST) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Netlist, Inc. (OTCMKTS:NLST)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.87 and traded as high as $1.37. Netlist shares last traded at $1.35, with a volume of 1,427,838 shares trading hands.

Analyst Upgrades and Downgrades

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

Netlist Stock Up 8.7%

The company has a market cap of $415.42 million, a PE ratio of -16.88 and a beta of 1.42. The company’s fifty day moving average is $1.12 and its 200-day moving average is $0.87.

Netlist (OTCMKTS:NLST) last announced its earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $75.72 million for the quarter, compared to analysts’ expectations of $44.00 million. Equities research analysts expect that Netlist, Inc. will post -0.17 EPS for the current fiscal year.

About Netlist

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.