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 Wednesday.

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 research note on Wednesday, October 30th.

Netlist Stock Performance

Shares of Netlist stock opened at $0.73 on Wednesday. The firm has a 50-day simple moving average of $0.96 and a two-hundred day simple moving average of $1.13. Netlist has a fifty-two week low of $0.71 and a fifty-two week high of $2.97. The company has a market cap of $198.39 million, a P/E ratio of -3.32 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. Netlist had a negative return on equity of 852.20% and a negative net margin of 37.19%. The company had revenue of $40.19 million for the quarter, compared to the consensus estimate of $38.00 million. 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.