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

Netlist, Inc. (OTCMKTS:NLST)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $1.56, but opened at $1.65. Netlist shares last traded at $1.58, with a volume of 532,352 shares changing hands.

Netlist Price Performance

The stock has a market cap of $502.31 million, a price-to-earnings ratio of -19.75 and a beta of 1.42. The firm’s 50-day moving average is $1.29 and its 200 day moving average is $0.95.

Netlist (OTCMKTS:NLST) last announced its quarterly earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $75.72 million during the quarter, compared to analyst estimates of $44.00 million. On average, sell-side analysts forecast that Netlist, Inc. will post -0.17 EPS for the current year.

About Netlist

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.