Netlist (NASDAQ:NLST) shares shot up 5.6% on Tuesday . The stock traded as high as $0.18 and last traded at $0.17. 10,523 shares were traded during mid-day trading, a decline of 99% from the average session volume of 1,661,267 shares. The stock had previously closed at $0.18.

Several research firms recently weighed in on NLST. Zacks Investment Research cut shares of Netlist from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. ValuEngine upgraded shares of Netlist from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Roth Capital cut shares of Netlist from a “buy” rating to a “neutral” rating and set a $2.00 price objective for the company. in a research report on Tuesday, April 17th.

The company has a current ratio of 1.82, a quick ratio of 1.38 and a debt-to-equity ratio of -2.77. The firm has a market capitalization of $14.58 million, a P/E ratio of -0.79 and a beta of -0.91.

Netlist (NASDAQ:NLST) last released its earnings results on Tuesday, May 15th. The semiconductor company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The business had revenue of $8.88 million for the quarter, compared to analysts’ expectations of $8.00 million. equities research analysts predict that Netlist will post -0.12 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 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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