Netlist (OTCMKTS:NLST) Lowered to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Netlist (OTCMKTS:NLST) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

Separately, Roth Capital restated a “buy” rating and set a $5.00 price target on shares of Netlist in a report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $5.00.

Netlist Stock Down 7.6%

Shares of Netlist stock opened at $2.57 on Monday. The firm has a market cap 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. The company’s fifty day simple moving average is $2.86 and its two-hundred day simple moving average is $1.89.

Netlist (OTCMKTS:NLST) last issued its quarterly earnings data on Tuesday, May 12th. The semiconductor company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. The firm had revenue of $104.89 million for the quarter, compared to the consensus estimate of $79.00 million. As a group, sell-side analysts expect that Netlist will post 0.03 earnings per share for the current fiscal 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.