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

StockNews.com cut shares of Netlist (OTCMKTS:NLST) from a hold rating to a sell rating in a research report released on Thursday.

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

Netlist Stock Down 4.5 %

Shares of Netlist stock opened at $0.83 on Thursday. Netlist has a 52-week low of $0.71 and a 52-week high of $2.97. The firm’s 50 day moving average price is $0.98 and its 200-day moving average price is $1.14. The company has a market cap of $225.75 million, a P/E ratio of -3.77 and a beta of 1.11.

Netlist (OTCMKTS:NLST) last issued its quarterly earnings results 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. The business had revenue of $40.19 million for the quarter, compared to the consensus estimate of $38.00 million. Netlist had a negative return on equity of 852.20% and a negative net margin of 37.19%. As a group, equities research analysts forecast 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.