Netlist (OTCMKTS:NLST) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Netlist, Inc. (OTCMKTS:NLST) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.96 and traded as high as $1.10. Netlist shares last traded at $1.05, with a volume of 1,148,432 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Netlist from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th.

Netlist Stock Up 6.1 %

The stock has a market cap of $284.69 million, a P/E ratio of -4.76 and a beta of 1.07. The company’s 50 day moving average price is $0.74 and its 200-day moving average price is $0.96.

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.