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

Netlist (OTCMKTS:NLST) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Netlist Stock Down 1.0 %

Shares of OTCMKTS NLST opened at $1.21 on Wednesday. Netlist has a 52 week low of $1.00 and a 52 week high of $2.97. The firm’s fifty day moving average is $1.31 and its 200 day moving average is $1.42. The company has a market cap of $308.75 million, a price-to-earnings ratio of -4.83 and a beta of 1.05.

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