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

Netlist (OTCMKTS:NLST) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

Netlist Stock Performance

Shares of NLST stock opened at $1.14 on Wednesday. The stock’s 50-day moving average is $1.25 and its two-hundred day moving average is $1.37. Netlist has a 1 year low of $1.00 and a 1 year high of $2.97. The firm has a market cap of $292.39 million, a price-to-earnings ratio of -4.58 and a beta of 1.05.

Netlist (OTCMKTS:NLST) last released its quarterly earnings results 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). Netlist had a negative return on equity of 356.11% and a negative net margin of 50.76%. The firm had revenue of $36.84 million for the quarter, compared to analysts’ expectations of $37.00 million. As a group, research analysts predict 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.