Netlist (OTCMKTS:NLST) Sees Strong Trading Volume – Here’s What Happened

Netlist, Inc. (OTCMKTS:NLST) saw unusually-strong trading volume on Wednesday . 2,324,606 shares were traded during mid-day trading, an increase of 20% from the previous session’s volume of 1,938,771 shares.The stock last traded at $5.60 and had previously closed at $6.65.

Wall Street Analyst Weigh In

NLST has been the subject of several research analyst reports. Roth Capital reiterated a “buy” rating and issued a $15.00 price objective on shares of Netlist in a research report on Wednesday, August 12th. Zacks Research lowered shares of Netlist from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Netlist Price Performance

The company has a fifty day simple moving average of $3.75 and a two-hundred day simple moving average of $2.65.

Hedge Funds Weigh In On Netlist

An institutional investor recently bought a new position in Netlist stock. Compass Financial Management LLC bought a new position in shares of Netlist, Inc. (OTCMKTS:NLST) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. Institutional investors and hedge funds own 0.01% of the company’s stock.

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.