Netlist (OTCMKTS:NLST) Trading Down 6.2% – Time to Sell?

Netlist, Inc. (OTCMKTS:NLST) dropped 6.2% during mid-day trading on Tuesday . The stock traded as low as $2.60 and last traded at $2.6070. 945,747 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 1,660,992 shares. The stock had previously closed at $2.78.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Zacks Research upgraded shares of Netlist from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 15th. Roth Capital reiterated a “buy” rating and issued a $5.00 price objective on shares of Netlist in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Strong Buy” and a consensus target price of $5.00.

Netlist Price Performance

The company has a market cap of $868.78 million, a PE ratio of -130.10 and a beta of 1.33. The company has a fifty day moving average price of $2.86 and a 200 day moving average price of $1.88.

Netlist (OTCMKTS:NLST) last announced its earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The company had revenue of $104.89 million during the quarter, compared to analysts’ expectations of $79.00 million. As a group, sell-side analysts predict that Netlist, Inc. will post 0.03 EPS for the current fiscal year.

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.