Netlist (OTCMKTS:NLST) Shares Gap Up – Should You Buy?

Netlist, Inc. (OTCMKTS:NLST)’s stock price gapped up before the market opened on Monday. The stock had previously closed at $5.20, but opened at $5.73. Netlist shares last traded at $6.02, with a volume of 301,475 shares changing hands.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Roth Capital reiterated a “buy” rating on shares of Netlist in a report on Wednesday, September 2nd. Zacks Research cut shares of Netlist from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Netlist currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Netlist Price Performance

The company’s 50-day simple moving average is $5.77 and its 200 day simple moving average is $3.25.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Netlist stock. Compass Financial Management LLC purchased a new position in shares of Netlist, Inc. (OTCMKTS:NLST) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. Hedge funds and other institutional investors own 0.01% of the company’s stock.

Netlist Company Profile

Netlist, Inc develops and licenses technologies for high-performance memory and storage systems used in data centers, cloud computing, and enterprise computing environments. The company’s work focuses on improving memory capacity, bandwidth, reliability, and data protection in servers and other computing platforms.

Netlist has developed products and technologies including nonvolatile memory solutions, registered memory modules, and hybrid memory architectures. Its portfolio has included NVvault nonvolatile memory products and other advanced memory modules designed to help preserve data during power interruptions and support demanding workloads.

Founded in 2000 and headquartered in Irvine, California, Netlist serves the computing and technology industries through product sales, technology development, and intellectual-property licensing.