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 report sent to investors on Thursday morning.

Netlist Price Performance

Shares of NLST stock opened at $1.16 on Thursday. The firm’s 50-day moving average is $1.27 and its two-hundred day moving average is $1.39. Netlist has a 12 month low of $1.00 and a 12 month high of $2.97. The company has a market capitalization of $296.48 million, a PE ratio of -4.64 and a beta of 1.05.

Netlist (OTCMKTS:NLST) last announced its earnings results on Tuesday, July 30th. The semiconductor company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Netlist had a negative return on equity of 356.11% and a negative net margin of 50.76%. The business had revenue of $36.84 million for the quarter, compared to analysts’ expectations of $37.00 million. Sell-side analysts forecast 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.