Netlist (OTCMKTS:NLST) Shares Gap Up – Here’s Why
by Sarita Garza · The Markets DailyNetlist, Inc. (OTCMKTS:NLST – Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $1.56, but opened at $1.65. Netlist shares last traded at $1.58, with a volume of 532,352 shares.
Netlist Trading Up 0.9%
The firm has a market capitalization of $491.03 million, a P/E ratio of -19.31 and a beta of 1.12. The stock has a 50-day simple moving average of $1.30 and a two-hundred day simple moving average of $0.96.
Netlist (OTCMKTS:NLST – Get Free Report) last posted its quarterly earnings results on Tuesday, March 3rd. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $75.72 million for the quarter, compared to the consensus estimate of $44.00 million. As a group, research analysts expect that Netlist, Inc. will post -0.17 EPS for the current year.
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.