Netlist (OTCMKTS:NLST) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Netlist (OTCMKTS:NLST) from a sell rating to a hold rating in a report released on Friday morning.

Netlist Stock Up 2.8 %

NLST opened at $1.30 on Friday. The business’s fifty day simple moving average is $1.34 and its 200 day simple moving average is $1.45. Netlist has a 52 week low of $1.00 and a 52 week high of $2.97. The stock has a market cap of $332.27 million, a PE ratio of -5.20 and a beta of 1.10.

Netlist (OTCMKTS:NLST) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $36.84 million during the quarter, compared to analysts’ expectations of $37.00 million. Netlist had a negative return on equity of 266.39% and a negative net margin of 50.76%. As a group, equities analysts anticipate that Netlist will post -0.21 earnings per share for the current year.

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.