Netlist (OTCMKTS:NLST) Stock Rating Upgraded by Wall Street Zen

Key Points

• Netlist was upgraded from a "sell" rating to a "hold" rating by Wall Street Zen in a report released on Saturday.
• Following the upgrade, Netlist shares rose by 4.1%, reaching $0.82 with a market cap of $239.10 million.
• The company reported quarterly earnings of $(0.02) per share, matching analysts' expectations, and generated revenue of $41.71 million, exceeding estimates of $30.00 million.

Netlist (OTCMKTS:NLST - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Netlist Stock Performance

NLST stock traded down $0.0115 during trading on Friday, hitting $0.8285. 328,325 shares of the company traded hands, compared to its average volume of 634,352. The firm has a market capitalization 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. The company has a 50-day moving average of $0.70 and a 200-day moving average of $0.79.

Netlist (OTCMKTS:NLST - Get Free Report) last issued its earnings results on Thursday, August 7th. The semiconductor company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $41.71 million for the quarter, compared to analysts' expectations of $30.00 million. Sell-side analysts expect that Netlist will post -0.17 EPS 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.