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

Netlist (OTCMKTS:NLSTGet Free Report) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Friday.

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

Read Our Latest Report on Netlist

Netlist Stock Up 5.3 %

OTCMKTS:NLST traded up $0.04 during mid-day trading on Friday, hitting $0.90. 511,073 shares of the company traded hands, compared to its average volume of 528,336. The stock’s fifty day moving average price is $0.99 and its 200-day moving average price is $1.16. The firm has a market cap of $244.76 million, a price-to-earnings ratio of -4.09 and a beta of 1.04. Netlist has a one year low of $0.71 and a one year high of $2.97.

Netlist (OTCMKTS:NLSTGet Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Netlist had a negative return on equity of 852.20% and a negative net margin of 37.19%. The business had revenue of $40.19 million during the quarter, compared to analyst estimates of $38.00 million. Equities analysts predict that Netlist will post -0.17 EPS for the current year.

Netlist Company Profile

(Get Free Report)

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.

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