Netlist (OTCMKTS:NLST) Downgraded to “Sell” Rating by StockNews.com

StockNews.com cut shares of Netlist (OTCMKTS:NLST) from a hold rating to a sell rating in a research note issued to investors on Thursday.

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

Netlist Stock Down 4.5 %

Shares of Netlist stock opened at $0.83 on Thursday. The business’s fifty day simple moving average is $0.98 and its 200-day simple moving average is $1.14. The firm has a market cap of $225.75 million, a PE ratio of -3.77 and a beta of 1.11. Netlist has a 52 week low of $0.71 and a 52 week high of $2.97.

Netlist (OTCMKTS:NLST) last announced its earnings results on Tuesday, October 29th. The semiconductor company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company 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 852.20%. As a group, equities analysts expect that Netlist will post -0.17 earnings per share 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.