Netlist (OTCMKTS:NLST) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Netlist, Inc. (OTCMKTS:NLST) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.80 and traded as high as $1.04. Netlist shares last traded at $1.0360, with a volume of 544,173 shares.

Analyst Ratings Changes

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

Netlist Stock Up 5.2%

The business’s 50-day simple moving average is $0.96 and its two-hundred day simple moving average is $0.80. The firm has a market capitalization of $318.74 million, a price-to-earnings ratio of -8.63 and a beta of 1.49.

Netlist (OTCMKTS:NLST) last issued its quarterly earnings data on Thursday, November 6th. The semiconductor company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $42.23 million for the quarter, compared to analysts’ expectations of $42.00 million. Sell-side analysts anticipate 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.