Netlist (OTCMKTS:NLST) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Netlist, Inc. (OTCMKTS:NLST) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.95 and traded as high as $1.16. Netlist shares last traded at $1.10, with a volume of 592,804 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Netlist from a “hold” rating to a “sell” rating in a research note on Wednesday, January 15th.

Netlist Stock Up 31.1 %

The firm has a market capitalization of $284.69 million, a price-to-earnings ratio of -4.76 and a beta of 1.07. The firm’s 50 day moving average is $0.78 and its 200 day moving average is $0.95.

About Netlist

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.