Netlist (OTCMKTS:NLST) Reaches New 1-Year High – Still a Buy?

Netlist, Inc. (OTCMKTS:NLST) shares reached a new 52-week high during trading on Monday . The stock traded as high as $3.32 and last traded at $3.30, with a volume of 727455 shares traded. The stock had previously closed at $3.02.

Netlist Stock Up 13.2%

The firm has a 50-day moving average price of $1.68 and a 200 day moving average price of $1.15. The firm has a market capitalization of $1.10 billion, a PE ratio of -42.75 and a beta of 1.33.

Netlist (OTCMKTS:NLST) last released its quarterly earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $75.72 million for the quarter, compared to analysts’ expectations of $44.00 million.

About Netlist

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.