Netlist (OTCMKTS:NLST) Shares Gap Down – Time to Sell?

Netlist, Inc. (OTCMKTS:NLST)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $2.4310, but opened at $2.30. Netlist shares last traded at $2.3750, with a volume of 172,173 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Zacks Research downgraded shares of Netlist from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Roth Capital reaffirmed a “buy” rating on shares of Netlist in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.00.

Netlist Stock Performance

The business has a 50-day simple moving average of $2.78 and a two-hundred day simple moving average of $2.00. The company has a market capitalization of $791.15 million, a price-to-earnings ratio of -118.47 and a beta of 1.33.

Netlist (OTCMKTS:NLST) last issued its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. The company had revenue of $104.89 million for the quarter, compared to analyst estimates of $79.00 million. Research analysts predict that Netlist, Inc. will post 0.03 EPS for the current fiscal year.

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.