Netlist (OTCMKTS:NLST) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Netlist (OTCMKTS:NLST) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

Separately, Roth Mkm lowered their target price 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 Price Performance

Shares of NLST opened at $0.95 on Tuesday. The firm has a fifty day moving average price of $1.03 and a 200 day moving average price of $1.21. The stock has a market cap of $258.34 million, a PE ratio of -4.32 and a beta of 1.04. Netlist has a 1-year low of $0.83 and a 1-year high of $2.97.

Netlist (OTCMKTS:NLST) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company had revenue of $40.19 million for the quarter, compared to the consensus estimate 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, equities analysts expect that Netlist will post -0.17 EPS for the current fiscal 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.