Netlist (OTCMKTS:NLST) Upgraded at StockNews.com

StockNews.com upgraded shares of Netlist (OTCMKTS:NLST) from a sell rating to a hold rating in a report published on Thursday morning.

Netlist Price Performance

OTCMKTS NLST opened at $1.16 on Thursday. The stock has a market capitalization of $299.50 million, a P/E ratio of -4.64 and a beta of 1.05. The business has a 50 day simple moving average of $1.27 and a 200 day simple moving average of $1.39. Netlist has a one year low of $1.00 and a one year high of $2.97.

Netlist (OTCMKTS:NLST) last issued its earnings results on Tuesday, July 30th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $36.84 million for the quarter, compared to the consensus estimate 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 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.