Netlist (OTCMKTS:NLST) Cut to Sell at StockNews.com

Netlist (OTCMKTS:NLST) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Separately, Roth Mkm reduced their price target 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

OTCMKTS:NLST opened at $0.81 on Thursday. Netlist has a 1-year low of $0.71 and a 1-year high of $2.97. The firm has a market cap of $220.17 million, a PE ratio of -3.68 and a beta of 1.11. The firm has a 50 day simple moving average of $0.97 and a 200-day simple moving average of $1.14.

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. The business had revenue of $40.19 million for the quarter, compared to analyst estimates 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, sell-side analysts expect 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.