Netlist (OTCMKTS:NLST) Sees Large Volume Increase – Here’s Why

Netlist, Inc. (OTCMKTS:NLST) shares saw an uptick in trading volume on Friday . 3,664,388 shares were traded during trading, an increase of 164% from the previous session’s volume of 1,385,457 shares.The stock last traded at $2.97 and had previously closed at $2.68.

Netlist Price Performance

The firm’s 50-day moving average price is $1.68 and its 200-day moving average price is $1.15. The company has a market cap of $967.67 million, a price-to-earnings ratio of -37.75 and a beta of 1.33.

Netlist (OTCMKTS:NLST) last announced its quarterly earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $75.72 million for the quarter, compared to analysts’ expectations of $44.00 million.

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.