Netlist (OTCMKTS:NLST) Sees Large Volume Increase – Here’s What Happened

Shares of Netlist, Inc. (OTCMKTS:NLST) saw unusually-strong trading volume on Thursday . 1,964,437 shares were traded during trading, an increase of 5% from the previous session’s volume of 1,878,381 shares.The stock last traded at $5.18 and had previously closed at $6.14.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Roth Capital reiterated a “buy” rating and issued a $15.00 price objective on shares of Netlist in a research report on Wednesday, August 12th. Zacks Research cut Netlist from a “strong-buy” rating to a “hold” rating in a research 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. Based on data from MarketBeat.com, Netlist has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Netlist Trading Down 12.2%

The business’s fifty day moving average price is $3.18 and its 200 day moving average price is $2.34.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Netlist stock. Compass Financial Management LLC acquired a new stake in shares of Netlist, Inc. (OTCMKTS:NLST) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. 0.01% of the stock is owned by institutional investors.

About Netlist

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.