Netlist (OTCMKTS:NLST) Hits New 52-Week High at $3.05

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Netlist, Inc. (OTCMKTS:NLST)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $3.05 and last traded at $2.97, with a volume of 12688199 shares. The stock had previously closed at $1.70.

Separately, Roth Capital lifted their price target on Netlist from $1.00 to $1.50 and gave the company a “buy” rating in a research note on Tuesday, January 12th.

The stock has a market capitalization of $548.28 million, a price-to-earnings ratio of -63.75 and a beta of 0.27. The company has a fifty day simple moving average of $1.67 and a 200 day simple moving average of $0.91.

Netlist (OTCMKTS:NLST) last announced its earnings results on Monday, March 1st. The semiconductor company reported ($0.01) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). The company had revenue of $11.49 million for the quarter, compared to analyst estimates of $10.50 million. As a group, research analysts expect that Netlist, Inc. will post -0.04 EPS for the current year.

In related news, CEO Chun K. Hong sold 550,215 shares of the business’s stock in a transaction dated Tuesday, February 9th. The stock was sold at an average price of $1.01, for a total value of $555,717.15. Insiders own 6.90% of the company’s stock.

Netlist Company Profile (OTCMKTS:NLST)

Netlist, Inc designs, manufactures, and sells modular memory subsystems for the server, high-performance computing, and communications markets worldwide. It offers HybriDIMM, a storage class memory product, which unifies dynamic random access memory (DRAM) and NAND flash in a plug-and-play module delivering terabyte storage capacities operating at nanosecond memory speeds.

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