StockNews.com Lowers Netlist (OTCMKTS:NLST) to Sell

StockNews.com downgraded shares of Netlist (OTCMKTS:NLST) from a hold rating to a sell rating in a research note published on Monday.

Netlist Trading Down 8.0 %

NLST opened at $0.95 on Monday. The firm has a market cap of $243.45 million, a price-to-earnings ratio of -3.81 and a beta of 1.05. Netlist has a 12 month low of $0.92 and a 12 month high of $2.97. The stock has a fifty day moving average price of $1.21 and a 200-day moving average price of $1.34.

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