Netlist (OTCMKTS:NLST) Stock Price Up 6.8% – What’s Next?

Shares of Netlist, Inc. (OTCMKTS:NLST) were up 6.8% on Thursday . The company traded as high as $5.53 and last traded at $5.52. Approximately 566,698 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 2,007,042 shares. The stock had previously closed at $5.17.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NLST. Roth Capital reiterated a “buy” rating on shares of Netlist in a research report on Wednesday. Zacks Research cut shares of Netlist from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Netlist currently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Netlist Stock Performance

The firm has a 50 day moving average of $3.80 and a two-hundred day moving average of $2.67.

Institutional Trading of Netlist

A hedge fund recently bought a new stake in Netlist stock. Compass Financial Management LLC bought a new position in shares of Netlist, Inc. (OTCMKTS:NLST) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. Hedge funds and other institutional investors own 0.01% of the company’s stock.

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.