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

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

Netlist Stock Performance

Shares of OTCMKTS NLST opened at $1.05 on Monday. Netlist has a 52 week low of $0.83 and a 52 week high of $2.97. The stock’s fifty day moving average is $1.14 and its 200 day moving average is $1.31. The stock has a market capitalization of $285.43 million, a P/E ratio of -4.77 and a beta of 1.05.

Netlist (OTCMKTS:NLST) last released its earnings results on Tuesday, July 30th. The semiconductor company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Netlist had a negative net margin of 50.76% and a negative return on equity of 356.11%. The firm had revenue of $36.84 million during the quarter, compared to the consensus estimate of $37.00 million. Equities research analysts forecast that Netlist will post -0.21 earnings per share 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.