Netlist (OTCMKTS:NLST) Shares Pass Above 200-Day Moving Average of $0.40
Netlist, Inc. (OTCMKTS:NLST) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.40 and traded as high as $0.55. Netlist shares last traded at $0.55, with a volume of 0 shares.
Separately, Zacks Investment Research raised shares of Netlist from a “hold” rating to a “buy” rating and set a $0.25 price objective on the stock in a report on Wednesday, August 14th.
The stock’s fifty day moving average is $0.37 and its two-hundred day moving average is $0.40. The company has a market capitalization of $82.05 million, a PE ratio of -3.44 and a beta of 0.81.
In other Netlist news, CEO Chun K. Hong sold 150,000 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $0.35, for a total transaction of $52,500.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 9.20% of the stock is owned by corporate insiders.
Netlist Company Profile (OTCMKTS:NLST)
Netlist, Inc designs, manufactures, and sells modular memory subsystems for the server, high-performance computing, and communications markets worldwide. It offers Hybri dual in-line memory module (DIMM), a storage class memory product, which unifies dynamic random access memory (DRAM)and NAND flash in a plug-and-play module delivering terabyte storage capacities operating at nanosecond memory speeds.
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