Netlist (OTCMKTS:NLST) Upgraded to Hold by StockNews.com

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

Netlist Trading Down 0.5 %

NLST stock opened at $1.14 on Wednesday. The company’s 50-day moving average price is $1.25 and its 200 day moving average price is $1.37. Netlist has a 52 week low of $1.00 and a 52 week high of $2.97. The company has a market cap of $292.39 million, a P/E ratio of -4.58 and a beta of 1.05.

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). 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 analysts’ expectations of $37.00 million. On average, equities research analysts expect that Netlist will post -0.21 earnings per share for the current year.

About Netlist

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.