Zacks Investment Research downgraded shares of Netlist (NASDAQ:NLST) from a hold rating to a sell rating in a research note issued to investors on Saturday, 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. “

Shares of Netlist stock opened at $0.38 on Friday. Netlist has a one year low of $0.10 and a one year high of $1.10.

Netlist (NASDAQ:NLST) last issued its earnings results on Wednesday, February 27th. The semiconductor company reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). The firm had revenue of $9.02 million during the quarter, compared to the consensus estimate of $7.50 million.

In related news, CEO Chun K. Hong sold 150,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $0.55, for a total value of $82,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 12.90% of the company’s stock.

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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