Netlist (OTCMKTS:NLST) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Netlist, Inc. (OTCMKTS:NLST - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.30 and traded as high as $1.35. Netlist shares last traded at $1.14, with a volume of 1,457,379 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NLST shares. Roth Mkm dropped their target price on Netlist from $4.00 to $2.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. StockNews.com lowered shares of Netlist from a "hold" rating to a "sell" rating in a research report on Sunday, November 3rd.

Netlist Stock Down 0.9 %

The firm has a market capitalization of $307.18 million, a P/E ratio of -5.18 and a beta of 1.03. The business's 50-day simple moving average is $1.11 and its 200 day simple moving average is $1.30.

Netlist (OTCMKTS:NLST - Get Free Report) last posted its earnings results on Tuesday, October 29th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $40.19 million for the quarter, compared to analysts' expectations of $38.00 million. Netlist had a negative return on equity of 480.98% and a negative net margin of 37.19%. Sell-side analysts predict that Netlist, Inc. will post -0.17 earnings per share for the current year.

Netlist Company Profile

Netlist, Inc designs, manufactures, and markets memory subsystems for the server, high-performance computing, and communications markets in the United States and internationally. The company portfolio of proprietary technologies and design techniques, includes efficient planar design, alternative packaging techniques, and custom semiconductor logic, to deliver memory subsystems; and sells specialty memory modules and flash-based products for use in data center and industrial applications.