Netlist (OTCMKTS:NLST) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Netlist, Inc. (OTCMKTS:NLST - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.92 and traded as high as $0.93. Netlist shares last traded at $0.91, with a volume of 215,730 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Netlist from a "hold" rating to a "sell" rating in a research note on Wednesday, January 15th.

Netlist Stock Performance

The stock has a market cap of $247.12 million, a price-to-earnings ratio of -4.09 and a beta of 0.82. The company has a 50 day simple moving average of $0.89 and a 200-day simple moving average of $0.91.

Netlist (OTCMKTS:NLST - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.02). The firm had revenue of $30.00 million for the quarter, compared to the consensus estimate of $30.00 million. Netlist had a negative return on equity of 852.20% and a negative net margin of 37.19%. Equities analysts forecast that Netlist, Inc. will post -0.17 earnings per share for the current fiscal 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.