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 report published on Wednesday morning.

Netlist Stock Performance

OTCMKTS:NLST opened at $1.15 on Wednesday. The business’s 50-day simple moving average is $1.24 and its 200 day simple moving average is $1.37. Netlist has a one year low of $1.00 and a one year high of $2.97. The stock has a market cap of $293.93 million, a price-to-earnings ratio of -4.60 and a beta of 1.05.

Netlist (OTCMKTS:NLST) last announced its quarterly earnings data 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). Netlist had a negative net margin of 50.76% and a negative return on equity of 356.11%. The firm had revenue of $36.84 million for the quarter, compared to analyst estimates of $37.00 million. On average, equities research analysts predict that Netlist will post -0.21 EPS for the current 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.