Netlist (OTCMKTS:NLST) Posts Earnings Results, Misses Estimates By $0.38 EPS

Netlist (OTCMKTS:NLST) posted its earnings results on Tuesday. The semiconductor company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.38), Zacks reports. Netlist had a return on equity of 20.86% and a net margin of 0.24%.

Netlist Stock Up 2.7%

Shares of OTCMKTS:NLST traded up $0.17 during midday trading on Tuesday, reaching $6.43. The company had a trading volume of 1,293,677 shares, compared to its average volume of 1,958,144. The stock’s fifty day moving average price is $5.76 and its 200-day moving average price is $3.28. Netlist has a one year low of $0.45 and a one year high of $7.12.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Zacks Research lowered shares of Netlist from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Roth Capital reiterated a “buy” rating on shares of Netlist in a report on Wednesday, September 2nd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

About Netlist

Netlist, Inc. develops and supplies memory products and technologies for data-intensive computing. Its offerings include memory modules and memory subsystems used in servers, storage systems and other computing platforms. The company’s products include NVVault and other solutions designed to support data protection and performance in enterprise systems. Netlist also develops memory architectures and holds patents related to memory technology, which it seeks to commercialize through product sales and intellectual-property licensing.