Netlist (OTCMKTS:NLST) Shares Gap Down – Here’s What Happened

Netlist, Inc. (OTCMKTS:NLST) shares gapped down before the market opened on Wednesday . The stock had previously closed at $2.4310, but opened at $2.30. Netlist shares last traded at $2.3750, with a volume of 172,173 shares traded.

Analyst Upgrades and Downgrades

NLST has been the topic of several recent research reports. Roth Capital restated a “buy” rating on shares of Netlist in a report on Thursday, July 16th. Zacks Research cut shares of Netlist from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.

Netlist Stock Performance

The stock has a market capitalization of $791.15 million, a PE ratio of -118.47 and a beta of 1.33. The firm’s 50 day moving average is $2.78 and its two-hundred day moving average is $2.00.

Netlist (OTCMKTS:NLST) last posted its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The company had revenue of $104.89 million during the quarter, compared to analyst estimates of $79.00 million. On average, analysts anticipate that Netlist, Inc. will post 0.03 EPS for the current year.

Netlist Company Profile

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.