Netlist (OTCMKTS:NLST) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Netlist (OTCMKTS:NLST) from a sell rating to a hold rating in a research note released on Tuesday morning.

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

Netlist Stock Down 4.0 %

Shares of OTCMKTS:NLST opened at $0.95 on Tuesday. The company’s 50-day moving average price is $1.03 and its 200 day moving average price is $1.21. The company has a market cap of $258.34 million, a PE ratio of -4.32 and a beta of 1.04. Netlist has a fifty-two week low of $0.83 and a fifty-two week high of $2.97.

Netlist (OTCMKTS:NLST) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Netlist had a negative return on equity of 852.20% and a negative net margin of 37.19%. The business had revenue of $40.19 million during the quarter, compared to analyst estimates of $38.00 million. As a group, equities analysts anticipate 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.