Netlist (OTCMKTS:NLST) Raised to “Hold” at StockNews.com

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 lowered their price target on 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

NLST opened at $0.91 on Monday. Netlist has a fifty-two week low of $0.83 and a fifty-two week high of $2.97. The company’s 50-day moving average is $1.01 and its 200 day moving average is $1.20. The firm has a market capitalization of $248.77 million, a P/E ratio of -4.16 and a beta of 1.04.

Netlist (OTCMKTS:NLST) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $40.19 million for the quarter, compared to analysts’ expectations of $38.00 million. Netlist had a negative net margin of 37.19% and a negative return on equity of 852.20%. On average, equities research analysts expect that Netlist will post -0.17 earnings per share 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.