Netlist (OTCMKTS:NLST) Share Price Passes Above 200-Day Moving Average – What’s Next?

Netlist, Inc. (OTCMKTS:NLST) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.82 and traded as high as $1.09. Netlist shares last traded at $1.0795, with a volume of 348,184 shares trading hands.

Analyst Ratings Changes

Separately, Roth Mkm restated a “buy” rating on shares of Netlist in a report on Monday, December 1st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Netlist Stock Performance

The firm has a market capitalization of $326.12 million, a price-to-earnings ratio of -8.83 and a beta of 1.49. The company has a 50-day moving average price of $1.01 and a 200-day moving average price of $0.82.

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.