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

StockNews.com lowered shares of Netlist (OTCMKTS:NLST) from a hold rating to a sell rating in a research note published on Monday morning.

Netlist Stock Performance

OTCMKTS:NLST opened at $0.95 on Monday. Netlist has a 12 month low of $0.83 and a 12 month high of $2.97. The firm has a fifty day simple moving average of $1.14 and a 200-day simple moving average of $1.32. The company has a market capitalization of $258.16 million, a P/E ratio of -4.32 and a beta of 1.05.

Netlist (OTCMKTS:NLST) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $36.84 million for the quarter, compared to analyst estimates of $37.00 million. Netlist had a negative return on equity of 356.11% and a negative net margin of 50.76%. Equities 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.