Netlist (OTCMKTS:NLST) Shares Gap Up – Time to Buy?

Netlist, Inc. (OTCMKTS:NLST)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $5.88, but opened at $6.14. Netlist shares last traded at $6.70, with a volume of 1,761,522 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NLST shares. Zacks Research lowered Netlist from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Roth Capital reissued a “buy” rating and issued a $15.00 price objective on shares of Netlist in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Netlist Trading Up 6.1%

The firm’s 50 day simple moving average is $3.11 and its 200-day simple moving average is $2.31.

Institutional Investors Weigh In On Netlist

An institutional investor recently bought a new position in Netlist stock. Compass Financial Management LLC purchased a new position in shares of Netlist, Inc. (OTCMKTS:NLST) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. Institutional investors own 0.01% of the company’s stock.

Netlist Company Profile

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.