Wall Street Zen Upgrades Netlist (OTCMKTS:NLST) to Hold

Netlist (OTCMKTS:NLST) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Netlist Trading Up 4.1%

Shares of NLST stock opened at $0.82 on Friday. The business’s 50-day moving average price is $0.69 and its 200-day moving average price is $0.79. The firm has a market capitalization of $239.23 million, a price-to-earnings ratio of -5.84 and a beta of 0.96. Netlist has a 12 month low of $0.61 and a 12 month high of $1.38.

Netlist (OTCMKTS:NLST) last posted its quarterly earnings data on Thursday, August 7th. The semiconductor company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02). The company had revenue of $41.71 million during the quarter, compared to analyst estimates of $30.00 million. On average, sell-side analysts predict that Netlist will post -0.17 earnings per share for the current fiscal 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.