Netlist (OTCMKTS:NLST) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Netlist, Inc. (OTCMKTS:NLST) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.30 and traded as high as $1.35. Netlist shares last traded at $1.14, with a volume of 1,457,379 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NLST shares. StockNews.com lowered shares of Netlist from a “hold” rating to a “sell” rating in a research note on Sunday, November 3rd. Roth Mkm dropped their price target on Netlist from $4.00 to $2.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th.

Netlist Trading Down 5.7 %

The firm’s 50-day simple moving average is $1.11 and its two-hundred day simple moving average is $1.30. The stock has a market capitalization of $290.87 million, a PE ratio of -5.16 and a beta of 1.03.

Netlist (OTCMKTS:NLST) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. Netlist had a negative return on equity of 852.20% and a negative net margin of 37.19%. The firm had revenue of $40.19 million for the quarter, compared to analyst estimates of $38.00 million. As a group, research analysts expect that Netlist, Inc. will post -0.17 earnings per share for the current year.

About Netlist

Netlist, Inc designs, manufactures, and markets memory subsystems for the server, high-performance computing, and communications markets in the United States and internationally. The company portfolio of proprietary technologies and design techniques, includes efficient planar design, alternative packaging techniques, and custom semiconductor logic, to deliver memory subsystems; and sells specialty memory modules and flash-based products for use in data center and industrial applications.