Netlist (OTCMKTS:NLST) Shares Up 6.3% – Here’s What Happened

by · The Markets Daily

Shares of Netlist, Inc. (OTCMKTS:NLST – Get Free Report) traded up 6.3% on Friday . The company traded as high as $5.14 and last traded at $5.08. Approximately 1,047,105 shares traded hands during trading, a decline of 48% from the average daily volume of 2,011,013 shares. The stock had previously closed at $4.78.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NLST shares. Roth Capital reiterated a “buy” rating on shares of Netlist in a research note on Wednesday, September 2nd. Zacks Research lowered shares of Netlist from a “strong-buy” rating to a “hold” rating in a report 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. According to data from MarketBeat, Netlist currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

View Our Latest Research Report on NLST

Netlist Stock Up 5.6%

The firm has a 50 day moving average price of $4.23 and a 200 day moving average price of $2.97.

Hedge Funds Weigh In On Netlist

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

Netlist Company Profile

(Get Free Report)

Netlist, Inc is a semiconductor technology company that develops high-performance memory solutions for data center, enterprise, and other computing applications. The company’s technologies are designed to improve memory capacity, performance, reliability, and power efficiency in systems that process and store large volumes of data.

Netlist’s product portfolio has included nonvolatile memory products, memory modules, and related technologies such as NVvault and HybriDIMM. These solutions combine memory components with technologies intended to provide data persistence, increased memory capacity, and improved system performance.

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