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

Netlist, Inc. (OTCMKTS:NLST)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.84 and traded as high as $1.21. Netlist shares last traded at $1.1760, with a volume of 942,883 shares traded.

Analysts Set New Price Targets

Separately, Roth Mkm reaffirmed 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, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Netlist Trading Up 6.1%

The stock’s fifty day moving average is $1.04 and its 200 day moving average is $0.84. The company has a market capitalization of $361.81 million, a P/E ratio of -9.80 and a beta of 1.49.

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.