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

Netlist (OTCMKTS:NLST) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Netlist Price Performance

OTCMKTS:NLST remained flat at $1.24 during mid-day trading on Thursday. 210,208 shares of the company traded hands, compared to its average volume of 473,597. The stock’s 50 day moving average is $1.33 and its 200 day moving average is $1.44. The stock has a market capitalization of $315.91 million, a PE ratio of -4.94 and a beta of 1.10. Netlist has a 12-month low of $1.00 and a 12-month high of $2.97.

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). Netlist had a negative net margin of 50.76% and a negative return on equity of 356.11%. The business had revenue of $36.84 million for the quarter, compared to the consensus estimate 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.