Netlist (OTCMKTS:NLST) Shares Up 3.9% – Still a Buy?

Netlist, Inc. (OTCMKTS:NLST) shares rose 3.9% on Wednesday. The company traded as high as $6.92 and last traded at $6.92. 1,700,826 shares traded hands during trading, a decline of 14% from the average daily volume of 1,986,271 shares. The stock had previously closed at $6.66.

Analyst Upgrades and Downgrades

NLST has been the subject of a number of recent analyst reports. Zacks Research cut shares of Netlist from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Roth Capital reiterated a “buy” rating on shares of Netlist in a research note on Wednesday, September 2nd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Netlist Stock Performance

The business’s 50 day moving average price is $5.01 and its 200-day moving average price is $3.35.

Hedge Funds Weigh In On Netlist

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

Netlist Company Profile

Netlist, Inc is a technology company that develops high-performance memory and storage solutions for enterprise computing, cloud infrastructure, data centers and other demanding applications. Its products are designed to improve system capacity, performance, reliability and efficiency in servers and computing platforms.

The company’s offerings have included memory modules based on DRAM technologies, including registered DIMMs and other specialized memory products, as well as solid-state storage and related solutions.