Shares of Netlist, Inc. (OTCMKTS:NLST – Get Free Report) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $5.76 and traded as high as $6.30. Netlist shares last traded at $6.25, with a volume of 1,667,772 shares.
Analyst Ratings Changes
NLST has been the topic of several recent analyst reports. Zacks Research lowered Netlist from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Roth Capital reaffirmed a “buy” rating on shares of Netlist in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.
View Our Latest Research Report on Netlist
Netlist Stock Up 9.6%
The firm’s 50 day simple moving average is $5.76 and its two-hundred day simple moving average is $3.28.
Institutional Trading of Netlist
A hedge fund recently bought a new position in Netlist stock. Compass Financial Management LLC acquired a new position in shares of Netlist, Inc. (OTCMKTS:NLST – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. 0.01% of the stock is owned by institutional investors and hedge funds.
About Netlist
Netlist, Inc develops and supplies memory products and technologies for data-intensive computing. Its offerings include memory modules and memory subsystems used in servers, storage systems and other computing platforms.
The company’s products include NVVault and other solutions designed to support data protection and performance in enterprise systems. Netlist also develops memory architectures and holds patents related to memory technology, which it seeks to commercialize through product sales and intellectual-property licensing.
Based in Irvine, California, Netlist serves customers in the data-center and enterprise-computing markets.
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