StockNews.com upgraded shares of Netlist (OTCMKTS:NLST - Free Report) from a sell rating to a hold rating in a research report sent to investors on Sunday.
Netlist Stock Performance
Netlist stock traded up $0.03 during midday trading on Friday, reaching $0.89. 2,663,406 shares of the company were exchanged, compared to its average volume of 533,955. The firm's 50-day simple moving average is $1.19 and its 200-day simple moving average is $1.33. Netlist has a 1 year low of $0.83 and a 1 year high of $2.97. 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 (OTCMKTS:NLST - Get Free Report) last released its 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 during the quarter, compared to analysts' expectations of $37.00 million. On average, analysts forecast that Netlist will post -0.21 EPS for the current fiscal year.
About Netlist
(
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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.
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