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

Netlist, Inc. (OTCMKTS:NLST) shares gapped up prior to trading on Monday. The stock had previously closed at $5.20, but opened at $5.73. Netlist shares last traded at $6.02, with a volume of 301,475 shares traded.

Analyst Upgrades and Downgrades

Separately, Roth Capital reiterated a “buy” rating on shares of Netlist in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Netlist currently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Netlist Stock Up 2.7%

The firm’s 50 day moving average is $5.75 and its 200 day moving average is $3.30.

Netlist (OTCMKTS:NLST) last posted its quarterly earnings results on Tuesday, November 10th. The semiconductor company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.38). The firm had revenue of $105.10 million for the quarter, compared to the consensus estimate of $308.60 million. Netlist had a net margin of 0.24% and a return on equity of 20.86%. As a group, analysts anticipate that Netlist, Inc. will post 0.87 EPS for the current year.

Institutional Trading of Netlist

An institutional investor recently bought a new position in Netlist stock. Compass Financial Management LLC bought a new position in Netlist, Inc. (OTCMKTS:NLST) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. 0.01% of the stock is currently owned by institutional investors and hedge funds.

About Netlist

Netlist, Inc. develops and supplies memory products and technologies for data-intensive computing. Its offerings include memory modules and memory subsystems used in servers, storage systems and other computing platforms. The company’s products include NVVault and other solutions designed to support data protection and performance in enterprise systems. Netlist also develops memory architectures and holds patents related to memory technology, which it seeks to commercialize through product sales and intellectual-property licensing.