Netlist (OTCMKTS:NLST) Announces Quarterly Earnings Results

Netlist (OTCMKTS:NLST) released its quarterly earnings results on Thursday. The semiconductor company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02), Zacks reports. Netlist had a negative return on equity of 852.20% and a negative net margin of 37.19%. The company had revenue of $30.00 million during the quarter, compared to analysts’ expectations of $30.00 million.

Netlist Price Performance

Shares of NLST stock opened at $1.03 on Friday. The business has a 50 day simple moving average of $0.82 and a 200 day simple moving average of $0.94. The firm has a market capitalization of $280.31 million, a price-to-earnings ratio of -4.68 and a beta of 1.07. Netlist has a 12-month low of $0.63 and a 12-month high of $2.97.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Netlist from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th.

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.