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

Netlist (OTCMKTS:NLST) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

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

Netlist Price Performance

OTCMKTS:NLST opened at $0.69 on Wednesday. Netlist has a 1 year low of $0.65 and a 1 year high of $2.97. The stock’s 50 day simple moving average is $0.94 and its two-hundred day simple moving average is $1.12. The company has a market cap of $187.54 million, a price-to-earnings ratio of -3.13 and a beta of 1.11.

Netlist (OTCMKTS:NLST) last released 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. The firm had revenue of $40.19 million for the quarter, compared to the consensus estimate of $38.00 million. Netlist had a negative return on equity of 852.20% and a negative net margin of 37.19%. As a group, analysts anticipate 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.