Netlist (OTCMKTS:NLST) Stock Jumps 3.9% – Still a Buy?

Netlist, Inc. (OTCMKTS:NLST) shares rose 3.9% on Wednesday. The company traded as high as $6.92 and last traded at $6.92. Approximately 1,700,826 shares traded hands during trading, a decline of 14% from the average session volume of 1,986,271 shares. The stock had previously closed at $6.66.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Zacks Research downgraded 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 note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Netlist Stock Performance

The company’s 50-day moving average is $5.01 and its two-hundred day moving average is $3.35.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Netlist stock. Compass Financial Management LLC acquired a new stake in shares of Netlist, Inc. (OTCMKTS:NLST) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. 0.01% of the stock is owned by institutional investors.

About Netlist

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.