Netlist (OTCMKTS:NLST) Downgraded to Sell Rating by StockNews.com

StockNews.com cut shares of Netlist (OTCMKTS:NLST) from a hold rating to a sell rating in a research note released on Friday morning.

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

Netlist Stock Performance

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

Netlist (OTCMKTS:NLST) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $40.19 million for the quarter, compared to analysts’ expectations of $38.00 million. Netlist had a negative return on equity of 852.20% and a negative net margin of 37.19%. On average, sell-side analysts forecast 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.