Netlist (OTCMKTS:NLST) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Netlist (OTCMKTS:NLST) from a sell rating to a hold rating in a research note published on Thursday morning.

Netlist Price Performance

OTCMKTS NLST opened at $1.24 on Thursday. Netlist has a 12 month low of $1.00 and a 12 month high of $2.97. The firm has a market capitalization of $315.91 million, a PE ratio of -4.94 and a beta of 1.10. The company’s 50 day simple moving average is $1.33 and its 200 day simple moving average is $1.44.

Netlist (OTCMKTS:NLST) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $36.84 million during the quarter, compared to analyst estimates of $37.00 million. Netlist had a negative return on equity of 356.11% and a negative net margin of 50.76%. Sell-side analysts anticipate that Netlist will post -0.21 earnings per share for the current fiscal year.

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.