Netlist (OTCMKTS:NLST) Posts Quarterly Earnings Results, Meets Estimates

Netlist (OTCMKTS:NLST) released its earnings results on Tuesday. The semiconductor company reported ($0.01) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01), MarketWatch Earnings reports.

Netlist stock traded up $0.04 during trading hours on Friday, hitting $0.53. 2,117,134 shares of the stock traded hands, compared to its average volume of 1,466,125. The stock has a market capitalization of $139.12 million, a price-to-earnings ratio of -8.78 and a beta of 0.97. Netlist has a 1 year low of $0.10 and a 1 year high of $0.90. The firm’s 50 day moving average price is $0.69 and its 200-day moving average price is $0.37.

A number of brokerages have issued reports on NLST. ValuEngine upgraded shares of Netlist from a “hold” rating to a “buy” rating in a report on Friday, May 1st. Zacks Investment Research upgraded shares of Netlist from a “sell” rating to a “hold” rating in a research report on Wednesday, July 1st.

Netlist Company Profile

Netlist, Inc designs, manufactures, and sells modular memory subsystems for the server, high-performance computing, and communications markets worldwide. It offers Hybri dual in-line memory module (DIMM), 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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Earnings History for Netlist (OTCMKTS:NLST)

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