Netlist, Inc. (NASDAQ:NLST) shares reached a new 52-week low during trading on Wednesday following a dissappointing earnings announcement. The company traded as low as $0.13 and last traded at $0.12, with a volume of 3655 shares trading hands. The stock had previously closed at $0.12.
The semiconductor company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The company had revenue of $8.43 million for the quarter, compared to analyst estimates of $9.50 million.
Get Netlist alerts:NLST has been the topic of a number of research reports. Craig Hallum reaffirmed a “buy” rating and issued a $1.00 price target on shares of Netlist in a research note on Friday, June 1st. Roth Capital raised shares of Netlist from a “neutral” rating to a “buy” rating in a research note on Thursday, May 31st. Zacks Investment Research raised shares of Netlist from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. Finally, ValuEngine raised shares of Netlist from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $1.55.
The company has a debt-to-equity ratio of -1.87, a quick ratio of 1.18 and a current ratio of 1.53. The company has a market cap of $14.07 million, a price-to-earnings ratio of -0.60 and a beta of -0.89.
About Netlist
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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