Netlist (OTCMKTS:NLST) Stock Rating Lowered by StockNews.com

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

Separately, Roth Mkm cut their price objective on shares of 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 Performance

OTCMKTS NLST opened at $0.90 on Friday. The business’s 50 day moving average price is $0.99 and its 200-day moving average price is $1.16. The company has a market cap of $244.76 million, a P/E ratio of -4.09 and a beta of 1.04. Netlist has a fifty-two week low of $0.71 and a fifty-two week high of $2.97.

Netlist (OTCMKTS:NLST) last posted its earnings results on Tuesday, October 29th. The semiconductor company reported ($0.04) earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $38.00 million. As a group, equities analysts predict that Netlist will post -0.17 EPS for the current 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.