Netlist (OTCMKTS:NLST) Rating Lowered to “Sell” at StockNews.com

StockNews.com downgraded shares of Netlist (OTCMKTS:NLST) from a hold rating to a sell rating in a research report sent to investors on Friday.

Separately, Roth Mkm lowered their target price on shares of Netlist from $4.00 to $2.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th.

Netlist Trading Up 5.3 %

NLST opened at $0.90 on Friday. The firm has a market cap of $244.76 million, a price-to-earnings ratio of -4.09 and a beta of 1.04. Netlist has a 12 month low of $0.71 and a 12 month high of $2.97. The stock has a fifty day moving average price of $0.99 and a 200-day moving average price of $1.16.

Netlist (OTCMKTS:NLST) last announced its earnings results on Tuesday, October 29th. The semiconductor company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Netlist had a negative net margin of 37.19% and a negative return on equity of 852.20%. The business had revenue of $40.19 million during the quarter, compared to the consensus estimate of $38.00 million. On average, equities research analysts forecast that Netlist will post -0.17 EPS for the current 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.