Netlist (OTCMKTS:NLST) Shares Gap Up – Time to Buy?

Netlist, Inc. (OTCMKTS:NLST)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $5.26, but opened at $5.60. Netlist shares last traded at $5.38, with a volume of 265,248 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NLST shares. Roth Capital reissued a “buy” rating on shares of Netlist in a research report on Wednesday, September 2nd. Zacks Research downgraded Netlist from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. 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 company has a 50 day moving average of $4.37 and a two-hundred day moving average of $3.05.

Institutional Trading of Netlist

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

About Netlist

Netlist, Inc is a semiconductor technology company that develops high-performance memory solutions for data center, enterprise, and other computing applications. The company’s technologies are designed to improve memory capacity, performance, reliability, and power efficiency in systems that process and store large volumes of data.

Netlist’s product portfolio has included nonvolatile memory products, memory modules, and related technologies such as NVvault and HybriDIMM. These solutions combine memory components with technologies intended to provide data persistence, increased memory capacity, and improved system performance.