Netlist (OTCMKTS:NLST) Cut to “Sell” at StockNews.com

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

Separately, Roth Mkm dropped their price target on shares of Netlist from $4.00 to $2.00 and set a “buy” rating for the company in a research report on Wednesday.

Netlist Stock Up 2.4 %

Shares of OTCMKTS:NLST opened at $1.08 on Friday. The company has a market capitalization of $292.23 million, a P/E ratio of -4.89 and a beta of 1.03. The stock’s fifty day simple moving average is $1.12 and its 200-day simple moving average is $1.31. Netlist has a 52-week low of $0.83 and a 52-week high of $2.97.

Netlist (OTCMKTS:NLST) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $40.19 million for the quarter, compared to the consensus estimate of $38.00 million. Netlist had a negative net margin of 37.19% and a negative return on equity of 480.98%. On average, sell-side analysts anticipate that Netlist will post -0.17 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.