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

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

Netlist Price Performance

Netlist stock opened at $1.09 on Tuesday. The company has a market cap of $281.43 million, a price-to-earnings ratio of -4.36 and a beta of 1.05. The firm has a 50-day moving average of $1.23 and a 200-day moving average of $1.36. Netlist has a one year low of $1.00 and a one year high of $2.97.

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 for the quarter, compared to analyst estimates of $37.00 million. Netlist had a negative net margin of 50.76% and a negative return on equity of 356.11%. As a group, sell-side analysts expect that Netlist will post -0.21 earnings per share 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.