Netlist (OTCMKTS:NLST) Hits New 1-Year High – Time to Buy?

Netlist, Inc. (OTCMKTS:NLST) shares hit a new 52-week high during trading on Monday . The company traded as high as $2.34 and last traded at $2.3320, with a volume of 378066 shares trading hands. The stock had previously closed at $2.25.

Netlist Stock Down 3.6%

The firm has a market capitalization of $689.89 million, a price-to-earnings ratio of -27.13 and a beta of 1.12. The business has a 50-day moving average of $1.49 and a two-hundred day moving average of $1.06.

Netlist (OTCMKTS:NLST) last issued its quarterly earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $75.72 million for the quarter, compared to the consensus estimate of $44.00 million.

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.