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

Netlist (OTCMKTS:NLST) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Netlist Price Performance

Shares of OTCMKTS NLST remained flat at $1.24 on Thursday. The stock had a trading volume of 210,208 shares, compared to its average volume of 473,597. Netlist has a 52 week low of $1.00 and a 52 week high of $2.97. The firm has a market cap of $315.91 million, a price-to-earnings ratio of -4.94 and a beta of 1.10. The company has a 50-day moving average price of $1.33 and a 200 day moving average price of $1.44.

Netlist (OTCMKTS:NLST) last posted its earnings results on Tuesday, July 30th. The semiconductor company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $36.84 million for 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%. Equities 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.