Netlist (OTCMKTS:NLST) Hits New 1-Year High – Here’s Why

Netlist, Inc. (OTCMKTS:NLST)’s share price reached a new 52-week high during trading on Thursday. The stock traded as high as $7.12 and last traded at $6.95, with a volume of 5,650,130 shares trading hands. The stock had previously closed at $6.66.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NLST shares. Roth Capital reaffirmed a “buy” rating on shares of Netlist in a research note on Wednesday, September 2nd. Zacks Research cut shares of Netlist from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Netlist presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Netlist Trading Down 1.2%

The company’s 50-day moving average is $5.26 and its two-hundred day moving average is $3.44.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Netlist stock. Compass Financial Management LLC purchased a new position in Netlist, Inc. (OTCMKTS:NLST) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 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.

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.