Netlist (NASDAQ:NLST) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Netlist (NASDAQ:NLST) from a sell rating to a hold rating in a report published on Wednesday, Zacks.com 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. “

NLST opened at $0.33 on Wednesday. The business’s 50-day moving average is $0.34. Netlist has a 52-week low of $0.10 and a 52-week high of $1.10.

Netlist (NASDAQ:NLST) last announced its quarterly earnings data on Tuesday, May 14th. The semiconductor company reported ($0.03) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.03). The firm had revenue of $5.11 million during the quarter, compared to the consensus estimate of $8.00 million.

In other Netlist news, CEO Chun K. Hong sold 150,000 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $0.35, for a total value of $52,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.90% of the stock is currently owned by company insiders.

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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