Netlist (OTCMKTS:NLST) Shares Gap Down – Should You Sell?

Netlist, Inc. (OTCMKTS:NLST) gapped down before the market opened on Tuesday. The stock had previously closed at $6.08, but opened at $5.77. Netlist shares last traded at $5.72, with a volume of 419,417 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NLST shares. Zacks Research cut Netlist from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Roth Capital reaffirmed a “buy” rating on shares of Netlist in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Netlist Stock Performance

The firm’s fifty day moving average price is $5.44 and its two-hundred day moving average price is $3.55.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Netlist stock. Compass Financial Management LLC bought a new stake in shares of Netlist, Inc. (OTCMKTS:NLST) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. 0.01% of the stock is currently owned by hedge funds and other institutional investors.

About Netlist

Netlist, Inc is a technology company that develops high-performance memory and storage solutions for enterprise computing, cloud infrastructure, data centers and other demanding applications. Its products are designed to improve system capacity, performance, reliability and efficiency in servers and computing platforms.

The company’s offerings have included memory modules based on DRAM technologies, including registered DIMMs and other specialized memory products, as well as solid-state storage and related solutions.