Netlist (OTCMKTS:NLST) Given New $2.00 Price Target at Roth Mkm

Netlist (OTCMKTS:NLST) had its price target lowered by Roth Mkm from $4.00 to $2.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Separately, StockNews.com downgraded Netlist from a “hold” rating to a “sell” rating in a research report on Monday.

Netlist Price Performance

Shares of NLST stock opened at $0.95 on Wednesday. Netlist has a twelve month low of $0.83 and a twelve month high of $2.97. The company has a market cap of $258.16 million, a P/E ratio of -4.32 and a beta of 1.05. The business has a fifty day simple moving average of $1.14 and a 200 day simple moving average of $1.32.

Netlist (OTCMKTS:NLST) last announced its quarterly earnings data 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 the consensus estimate of $37.00 million. As a group, equities research analysts anticipate that Netlist will post -0.21 earnings per share for the current fiscal year.

About Netlist

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.