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

StockNews.com cut shares of Netlist (OTCMKTS:NLST) from a hold rating to a sell rating in a research report released on Sunday morning.

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

Netlist Trading Up 2.6 %

NLST opened at $1.20 on Friday. The company has a fifty day simple moving average of $1.12 and a 200 day simple moving average of $1.30. The firm has a market cap of $326.21 million, a price-to-earnings ratio of -5.45 and a beta of 1.03. Netlist has a twelve month low of $0.83 and a twelve month high of $2.97.

Netlist (OTCMKTS:NLST) last posted its earnings results on Tuesday, October 29th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $40.19 million during the quarter, compared to analyst estimates of $38.00 million. Netlist had a negative net margin of 37.19% and a negative return on equity of 480.98%. On average, analysts forecast that Netlist will post -0.17 earnings per share for the current fiscal 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.