Netlist (OTCMKTS:NLST) Downgraded to Hold Rating by Zacks Research

Netlist (OTCMKTS:NLST) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Separately, Roth Capital reissued a “buy” rating and issued a $5.00 target price on shares of Netlist in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.

Netlist Trading Down 7.6%

Shares of NLST opened at $2.57 on Monday. The business’s 50 day moving average is $2.86 and its 200 day moving average is $1.89. The company has a market capitalization of $858.10 million, a PE ratio of -128.50 and a beta of 1.33. Netlist has a 12-month low of $0.45 and a 12-month high of $3.97.

Netlist (OTCMKTS:NLST) last posted its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. The business had revenue of $104.89 million during the quarter, compared to the consensus estimate of $79.00 million. Equities research analysts predict that Netlist will post 0.03 earnings per share for the current year.

About Netlist

Netlist, Inc is a technology company specializing in the design and development of high-performance memory and storage subsystems for enterprise and data center applications. The company’s product portfolio encompasses advanced memory modules, nonvolatile memory express (NVMe) solid-state drives and intelligent memory expansion systems. These solutions are engineered to boost memory density, bandwidth and overall system performance in hyperscale, cloud computing and high-performance computing environments.

Headquartered in Irvine, California, Netlist serves customers across the Americas and Asia through a combination of direct sales and channel distribution partners.