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

Netlist, Inc. (OTCMKTS:NLST)’s share price gapped up before the market opened on Tuesday. The stock had previously closed at $5.65, but opened at $6.68. Netlist shares last traded at $6.2320, with a volume of 1,635,539 shares.

Analyst Ratings Changes

Several brokerages recently commented on NLST. Zacks Research downgraded Netlist from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Roth Capital reissued a “buy” rating on shares of Netlist in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Netlist Stock Up 12.6%

The firm’s fifty day moving average is $4.93 and its 200-day moving average is $3.32.

Institutional Trading of Netlist

An institutional investor recently bought a new position in Netlist stock. Compass Financial Management LLC purchased a new stake in Netlist, Inc. (OTCMKTS:NLST) in the second quarter, according to its most recent filing with the SEC. The fund purchased 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. Institutional investors own 0.01% of the company’s stock.

Netlist Company Profile

Netlist, Inc is a technology company that develops high-performance memory and storage solutions for enterprise computing, cloud infrastructure, data centers and other demanding applications. Its products are designed to improve system capacity, performance, reliability and efficiency in servers and computing platforms.

The company’s offerings have included memory modules based on DRAM technologies, including registered DIMMs and other specialized memory products, as well as solid-state storage and related solutions.