Netlist (OTCMKTS:NLST) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Netlist (OTCMKTS:NLST) from a hold rating to a strong sell rating in a research note released on Friday, reports.

According to Zacks, “Netlist, Inc. designs and manufactures high performance memory subsystems for the server, high performance computing and communications markets. The company’s memory subsystems are developed for applications in which memory plays a key role in enabling overall system performance. These applications include tower servers, rack-mounted servers, blade servers, high performance computing clusters, engineering workstations and telecommunication switches. “

Shares of Netlist stock opened at $1.93 on Friday. Netlist has a twelve month low of $0.17 and a twelve month high of $3.05. The stock has a market cap of $416.11 million, a price-to-earnings ratio of -48.25 and a beta of 0.27. The company has a fifty day moving average price of $2.11 and a 200 day moving average price of $1.22.

Netlist (OTCMKTS:NLST) last issued its quarterly earnings data on Tuesday, May 11th. The semiconductor company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $14.90 million for the quarter, compared to analysts’ expectations of $12.00 million. On average, analysts predict that Netlist will post -0.04 earnings per share for the current year.

Netlist Company Profile

Netlist, Inc designs, manufactures, and sells modular memory subsystems for the server, high-performance computing, and communications markets worldwide. It offers HybriDIMM, 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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