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

Netlist, Inc. (OTCMKTS:NLST)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Wall Street Analyst Weigh In

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 Performance

The stock has a market cap of $284.69 million, a price-to-earnings ratio of -4.76 and a beta of 1.07. The company’s 50 day simple moving average is $0.78 and its two-hundred day simple moving average is $0.95.

Netlist Company Profile

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.