Netlist (OTCMKTS:NLST) Stock Rating Lowered by Zacks Investment Research

Netlist (OTCMKTS:NLSTGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

According to Zacks, “Netlist, Inc. designs and manufactures high performance memory subsystems for the server, high performance computing and communications markets. The company’s memory subsystems are developed for applications in which memory plays a key role in enabling overall system performance. These applications include tower servers, rack-mounted servers, blade servers, high performance computing clusters, engineering workstations and telecommunication switches. “

Shares of NLST opened at $3.92 on Wednesday. The firm has a market capitalization of $910.04 million, a price-to-earnings ratio of 392.39 and a beta of 1.06. The business’s fifty day moving average price is $4.93 and its two-hundred day moving average price is $5.66. Netlist has a 52 week low of $1.73 and a 52 week high of $10.20.

Netlist (OTCMKTS:NLSTGet Rating) last announced its quarterly earnings data on Tuesday, March 1st. The semiconductor company reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.01. The firm had revenue of $36.35 million for the quarter, compared to analyst estimates of $28.00 million. Netlist had a return on equity of 13.33% and a net margin of 3.39%. On average, equities analysts forecast that Netlist will post -0.11 earnings per share for the current fiscal year.

Netlist Company Profile (Get Rating)

Netlist, Inc designs, manufactures, and markets memory subsystems for the server, high-performance computing, and communications markets in the United States and internationally. It offers HybriDIMM, a storage class memory product, which unifies dynamic random-access memory (DRAM) and NAND flash in a plug-and-play module delivering terabyte storage capacities operating at nanosecond memory speeds.

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