Netlist (NLST) Shares Gap Up to $0.14

Netlist (NASDAQ:NLST) shares gapped up before the market opened on Wednesday . The stock had previously closed at $0.10, but opened at $0.14. Netlist shares last traded at $0.16, with a volume of 5420 shares traded.

Several research analysts recently weighed in on the company. ValuEngine upgraded Netlist from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Netlist from a “sell” rating to a “hold” rating in a research note on Tuesday, February 27th. Finally, Roth Capital downgraded Netlist from a “buy” rating to a “neutral” rating and set a $2.00 target price on the stock. in a research note on Tuesday, April 17th.

The company has a quick ratio of 1.38, a current ratio of 1.82 and a debt-to-equity ratio of -2.77. The company has a market capitalization of $14.58 million, a price-to-earnings ratio of -0.80 and a beta of -0.91.

Netlist (NASDAQ:NLST) last announced its earnings results on Tuesday, May 15th. The semiconductor company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.03). The company had revenue of $8.88 million during the quarter, compared to analysts’ expectations of $8.00 million. analysts forecast that Netlist will post -0.12 EPS 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 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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