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

Netlist (OTCMKTS:NLST) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

Separately, Roth Mkm dropped their price target on Netlist from $4.00 to $2.00 and set a “buy” rating on the stock in a research report on Wednesday.

Netlist Stock Performance

NLST opened at $1.08 on Friday. The company has a market capitalization of $292.23 million, a P/E ratio of -4.89 and a beta of 1.03. The company has a 50-day moving average of $1.12 and a 200-day moving average of $1.31. Netlist has a 1-year low of $0.83 and a 1-year high of $2.97.

Netlist (OTCMKTS:NLST) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Netlist had a negative return on equity of 480.98% and a negative net margin of 37.19%. The business had revenue of $40.19 million during the quarter, compared to the consensus estimate of $38.00 million. As a group, sell-side analysts expect that Netlist will post -0.17 earnings per share 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.