Netlist, Inc. (OTCMKTS:NLST – Get Free Report) shares gapped up prior to trading on Tuesday after the company announced better than expected quarterly earnings. The stock had previously closed at $3.45, but opened at $3.93. Netlist shares last traded at $3.8245, with a volume of 1,706,361 shares.
The semiconductor company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04.
Netlist Stock Up 2.6%
The firm’s 50 day simple moving average is $1.76 and its 200-day simple moving average is $1.18. The company has a market capitalization of $1.13 billion, a PE ratio of -44.25 and a beta of 1.33.
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.
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