Netlist (OTCMKTS:NLST) Downgraded by StockNews.com

StockNews.com downgraded shares of Netlist (OTCMKTS:NLST) from a hold rating to a sell rating in a report released on Monday.

Netlist Stock Down 1.8 %

Shares of OTCMKTS:NLST opened at $1.07 on Monday. Netlist has a fifty-two week low of $1.00 and a fifty-two week high of $2.97. The firm’s 50-day simple moving average is $1.22 and its 200-day simple moving average is $1.35. The company has a market cap of $273.48 million, a price-to-earnings ratio of -4.28 and a beta of 1.05.

Netlist (OTCMKTS:NLST) last issued its earnings results on Tuesday, July 30th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Netlist had a negative return on equity of 356.11% and a negative net margin of 50.76%. The business had revenue of $36.84 million for the quarter, compared to analysts’ expectations of $37.00 million. On average, research analysts forecast that Netlist will post -0.21 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.