StockNews.com Downgrades Netlist (OTCMKTS:NLST) to Sell

Netlist (OTCMKTS:NLST) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

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

Netlist Stock Up 5.3 %

Shares of OTCMKTS NLST traded up $0.04 during trading hours on Friday, reaching $0.90. 511,073 shares of the stock traded hands, compared to its average volume of 528,336. The company’s 50-day simple moving average is $0.99 and its two-hundred day simple moving average is $1.16. The company has a market capitalization of $244.76 million, a P/E ratio of -4.09 and a beta of 1.04. Netlist has a 52-week low of $0.71 and a 52-week high of $2.97.

Netlist (OTCMKTS:NLST) last released its earnings results on Tuesday, October 29th. The semiconductor company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $40.19 million for the quarter, compared to analyst estimates 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, sell-side analysts forecast 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.