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

StockNews.com downgraded shares of Netlist (OTCMKTS:NLST) from a hold rating to a sell rating in a report issued on Thursday.

Separately, Roth Mkm decreased their price objective on shares of Netlist from $4.00 to $2.00 and set a “buy” rating for the company in a report on Wednesday, October 30th.

Netlist Trading Down 3.6 %

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 stock has a fifty day moving average price of $0.97 and a 200 day moving average price of $1.14. The stock has a market cap of $220.17 million, a price-to-earnings ratio of -3.68 and a beta of 1.11.

Netlist (OTCMKTS:NLST) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $40.19 million during the quarter, compared to analysts’ expectations 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 forecast 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.