Netlist (OTCMKTS:NLST) Stock Rating Upgraded by StockNews.com

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

Netlist Stock Down 2.2 %

Shares of Netlist stock opened at $1.13 on Wednesday. Netlist has a 52-week low of $1.00 and a 52-week high of $2.97. The company’s 50-day simple moving average is $1.26 and its 200-day simple moving average is $1.38. The firm has a market cap of $287.54 million, a price-to-earnings ratio of -4.50 and a beta of 1.05.

Netlist (OTCMKTS:NLST) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Netlist had a negative return on equity of 356.11% and a negative net margin of 50.76%. The firm had revenue of $36.84 million for the quarter, compared to analyst estimates of $37.00 million. Equities research analysts anticipate 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.