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

Netlist (OTCMKTS:NLST) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

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

Netlist Price Performance

Shares of Netlist stock opened at $0.91 on Monday. The firm’s 50-day moving average is $1.01 and its 200 day moving average is $1.20. Netlist has a 1 year low of $0.83 and a 1 year high of $2.97. The stock has a market cap of $248.77 million, a price-to-earnings ratio of -4.16 and a beta of 1.04.

Netlist (OTCMKTS:NLST) last posted 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. The business had revenue of $40.19 million during the quarter, compared to analyst estimates of $38.00 million. Netlist had a negative return on equity of 852.20% and a negative net margin of 37.19%. On average, equities analysts expect that Netlist will post -0.17 EPS for the current fiscal 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.