Netlist (OTCMKTS:NLST) Shares Down 4.5% – Time to Sell?

Netlist, Inc. (OTCMKTS:NLST)’s stock price dropped 4.5% during trading on Friday . The stock traded as low as $5.20 and last traded at $5.31. Approximately 1,278,351 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 2,012,422 shares. The stock had previously closed at $5.56.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Zacks Research cut shares of Netlist from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Roth Capital restated a “buy” rating on shares of Netlist in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Netlist Stock Performance

The firm’s 50-day simple moving average is $3.85 and its 200-day simple moving average is $2.71.

Institutional Trading of Netlist

A hedge fund recently bought a new stake in Netlist stock. Compass Financial Management LLC bought a new position in Netlist, Inc. (OTCMKTS:NLST) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 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 and hedge funds.

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.