Netlist (OTCMKTS:NLST) Issues Quarterly Earnings Results

Netlist (OTCMKTS:NLST) issued its quarterly earnings results on Tuesday. The semiconductor company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.38), Zacks reports. Netlist had a net margin of 0.24% and a return on equity of 20.86%.

Netlist Stock Performance

OTCMKTS:NLST traded up $0.17 during trading hours on Tuesday, reaching $6.43. The stock had a trading volume of 1,293,677 shares, compared to its average volume of 1,958,147. Netlist has a 52 week low of $0.45 and a 52 week high of $7.12. The company has a 50 day moving average price of $5.76 and a two-hundred day moving average price of $3.28.

Analyst Upgrades and Downgrades

NLST has been the topic of several recent analyst reports. Roth Capital restated a “buy” rating on shares of Netlist in a research report on Wednesday, September 2nd. Zacks Research cut shares of Netlist from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Netlist has an average rating of “Moderate Buy” and a consensus price target of $15.00.

About Netlist

Netlist, Inc. develops and supplies memory products and technologies for data-intensive computing. Its offerings include memory modules and memory subsystems used in servers, storage systems and other computing platforms. The company’s products include NVVault and other solutions designed to support data protection and performance in enterprise systems. Netlist also develops memory architectures and holds patents related to memory technology, which it seeks to commercialize through product sales and intellectual-property licensing.