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

Netlist, Inc. (OTCMKTS:NLST)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $2.56, but opened at $3.23. Netlist shares last traded at $3.60, with a volume of 2,273,621 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NLST shares. Roth Capital reiterated a “buy” rating on shares of Netlist in a report on Thursday, July 16th. Zacks Research downgraded Netlist from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.

Netlist Trading Up 44.2%

The company has a fifty day moving average of $2.74 and a 200-day moving average of $2.05.

Netlist (OTCMKTS:NLST) last issued its earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. The company had revenue of $104.89 million for the quarter, compared to analyst estimates of $79.00 million. Netlist had a negative return on equity of 29.40% and a net margin of 0.24%. As a group, analysts predict that Netlist, Inc. will post 0.06 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.