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

Netlist (OTCMKTS:NLST) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday.

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

Netlist Stock Performance

Shares of NLST stock opened at $0.83 on Thursday. The company has a market capitalization of $225.75 million, a price-to-earnings ratio of -3.77 and a beta of 1.11. Netlist has a one year low of $0.71 and a one year high of $2.97. The company’s 50-day moving average is $0.99 and its 200 day moving average is $1.15.

Netlist (OTCMKTS:NLST) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $40.19 million during the quarter, compared to the consensus estimate of $38.00 million. Netlist had a negative net margin of 37.19% and a negative return on equity of 852.20%. As a group, research analysts predict that Netlist will post -0.17 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.