Netlist (OTCMKTS:NLST) Shares Up 7.9% – What’s Next?

Netlist, Inc. (OTCMKTS:NLST)’s stock price traded up 7.9% during mid-day trading on Monday. The company traded as high as $6.44 and last traded at $6.33. 2,268,803 shares traded hands during mid-day trading, an increase of 15% from the average daily volume of 1,966,348 shares. The stock had previously closed at $5.8640.

Analyst Upgrades and Downgrades

NLST has been the subject of several recent analyst reports. Roth Capital restated a “buy” rating on shares of Netlist in a research report on Wednesday, September 2nd. Zacks Research lowered shares of Netlist from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Netlist presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Netlist Stock Performance

The firm has a 50 day moving average of $5.63 and a 200-day moving average of $3.76.

Institutional Inflows and Outflows

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

About Netlist

Netlist, Inc develops and licenses technologies for high-performance memory and storage systems used in data centers, cloud computing, and enterprise computing environments. The company’s work focuses on improving memory capacity, bandwidth, reliability, and data protection in servers and other computing platforms.

Netlist has developed products and technologies including nonvolatile memory solutions, registered memory modules, and hybrid memory architectures. Its portfolio has included NVvault nonvolatile memory products and other advanced memory modules designed to help preserve data during power interruptions and support demanding workloads.

Founded in 2000 and headquartered in Irvine, California, Netlist serves the computing and technology industries through product sales, technology development, and intellectual-property licensing.