Netlist (OTCMKTS:NLST) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Netlist, Inc. (OTCMKTS:NLST) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.98 and traded as high as $1.6610. Netlist shares last traded at $1.52, with a volume of 1,333,863 shares traded.

Netlist Price Performance

The firm’s 50-day moving average is $1.32 and its 200 day moving average is $0.98. The stock has a market cap of $483.24 million, a price-to-earnings ratio of -19.00 and a beta of 1.12.

Netlist (OTCMKTS:NLST) last issued its quarterly earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $75.72 million for the quarter, compared to analyst estimates of $44.00 million. On average, sell-side analysts forecast that Netlist, Inc. will post -0.17 EPS for the current 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.