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 research note issued to investors on Thursday.

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

Netlist Trading Down 4.5 %

OTCMKTS NLST opened at $0.83 on Thursday. The firm has a market capitalization of $225.75 million, a PE ratio of -3.77 and a beta of 1.11. The business’s 50-day moving average price is $0.99 and its two-hundred day moving average price is $1.15. Netlist has a 12 month low of $0.71 and a 12 month high of $2.97.

Netlist (OTCMKTS:NLST) last released its quarterly earnings data 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 net margin of 37.19% and a negative return on equity of 852.20%. The company had revenue of $40.19 million during the quarter, compared to analyst estimates of $38.00 million. As a group, 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.