Netlist (OTCMKTS:NLST) Rating Increased to Hold at Wall Street Zen

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

Netlist Trading Down 1.4%

Shares of Netlist stock opened at $0.8285 on Friday. The company has a 50 day moving average of $0.70 and a 200-day moving average of $0.79. The company has a market cap of $242.44 million, a PE ratio of -5.92 and a beta of 0.96. Netlist has a 1-year low of $0.6075 and a 1-year high of $1.38.

Netlist (OTCMKTS:NLST) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The firm had revenue of $41.71 million for the quarter, compared to analyst estimates of $30.00 million. Research analysts forecast that Netlist will post -0.17 earnings per share for the current 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.