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 report issued on Thursday.

Netlist Stock Performance

OTCMKTS NLST opened at $1.18 on Thursday. Netlist has a 1 year low of $1.00 and a 1 year high of $2.97. The business’s fifty day moving average is $1.33 and its two-hundred day moving average is $1.44. The stock has a market capitalization of $301.60 million, a P/E ratio of -4.84 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 for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The company had revenue of $36.84 million during 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%. On average, research analysts forecast that Netlist will post -0.21 earnings per share 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.