Netlist (OTCMKTS:NLST) Stock Passes Above 200-Day Moving Average – Here’s Why

Netlist, Inc. (OTCMKTS:NLST)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.96 and traded as high as $1.10. Netlist shares last traded at $1.05, with a volume of 1,148,432 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Netlist from a “hold” rating to a “sell” rating in a research note on Wednesday, January 15th.

Netlist Stock Performance

The stock’s 50-day moving average price is $0.76 and its 200-day moving average price is $0.96. The company has a market capitalization of $337.33 million, a price-to-earnings ratio of -5.64 and a beta of 1.07.

Netlist Company Profile

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.