Netlist (OTCMKTS:NLST) Downgraded to Sell at StockNews.com

Netlist (OTCMKTS:NLST) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Monday.

Netlist Stock Performance

NLST opened at $1.09 on Monday. The company has a fifty day moving average of $1.22 and a two-hundred day moving average of $1.35. Netlist has a fifty-two week low of $1.00 and a fifty-two week high of $2.97. The stock has a market capitalization of $281.43 million, a price-to-earnings ratio of -4.36 and a beta of 1.05.

Netlist (OTCMKTS:NLST) last announced its earnings results on Tuesday, July 30th. The semiconductor company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Netlist had a negative return on equity of 356.11% and a negative net margin of 50.76%. The business had revenue of $36.84 million for the quarter, compared to analyst estimates of $37.00 million. On average, equities research analysts forecast that Netlist will post -0.21 earnings per share for the current year.

Netlist Company Profile

Netlist, Inc designs, manufactures, and markets memory subsystems for the server, high-performance computing, and communications markets in the United States and internationally. The company portfolio of proprietary technologies and design techniques, includes efficient planar design, alternative packaging techniques, and custom semiconductor logic, to deliver memory subsystems; and sells specialty memory modules and flash-based products for use in data center and industrial applications.