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

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

Netlist Stock Up 3.6 %

Shares of Netlist stock opened at $0.89 on Friday. Netlist has a twelve month low of $0.83 and a twelve month high of $2.97. The business has a 50-day moving average price of $1.19 and a 200 day moving average price of $1.33. The firm has a market cap of $227.81 million, a PE ratio of -3.57 and a beta of 1.05.

Netlist (OTCMKTS:NLST) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company 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 356.11% and a negative net margin of 50.76%. On average, sell-side analysts expect that Netlist will post -0.21 EPS 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.