Netlist (OTCMKTS:NLST) Raised to “Hold” at StockNews.com

Netlist (OTCMKTS:NLST) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Sunday.

Netlist Stock Performance

Shares of NLST opened at $0.89 on Friday. The company has a market capitalization of $227.79 million, a price-to-earnings ratio of -3.57 and a beta of 1.05. Netlist has a 1 year low of $0.83 and a 1 year high of $2.97. The company’s 50 day simple moving average is $1.19 and its 200 day simple moving average is $1.33.

Netlist (OTCMKTS:NLST) last announced 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 firm had revenue of $36.84 million for the quarter, compared to analyst estimates of $37.00 million. Netlist had a negative return on equity of 356.11% and a negative net margin of 50.76%. Equities analysts expect that Netlist will post -0.21 EPS for the current fiscal 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.