Netlist (OTCMKTS:NLST) Posts Quarterly Earnings Results, Misses Estimates By $0.38 EPS

Netlist (OTCMKTS:NLST) issued its 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 return on equity of 20.86% and a net margin of 0.24%.

Netlist Price Performance

Shares of NLST stock traded up $0.17 during trading hours on Tuesday, reaching $6.43. The company had a trading volume of 1,293,677 shares, compared to its average volume of 1,958,144. Netlist has a twelve month low of $0.45 and a twelve month high of $7.12. The stock’s fifty day simple moving average is $5.76 and its 200 day simple moving average is $3.28.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Zacks Research lowered Netlist from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Roth Capital reaffirmed a “buy” rating on shares of Netlist in a research note on Wednesday, September 2nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Netlist presently has a consensus rating of “Moderate Buy” and an average 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.