Netlist (OTCMKTS:NLST) Sets New 12-Month High – Time to Buy?

Shares of Netlist, Inc. (OTCMKTS:NLST) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $1.93 and last traded at $1.93, with a volume of 180897 shares trading hands. The stock had previously closed at $1.8650.

Netlist Stock Up 11.7%

The firm’s 50-day moving average is $1.45 and its 200-day moving average is $1.04. The company has a market cap of $667.63 million, a PE ratio of -26.25 and a beta of 1.12.

Netlist (OTCMKTS:NLST) last announced its quarterly earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $75.72 million for the quarter, compared to analysts’ expectations of $44.00 million.

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.