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

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

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 report on Wednesday, October 30th.

Netlist Stock Performance

Shares of NLST opened at $0.90 on Friday. Netlist has a 52-week low of $0.71 and a 52-week high of $2.97. The business’s fifty day moving average is $0.99 and its 200-day moving average is $1.16. The firm has a market cap of $244.76 million, a price-to-earnings ratio of -4.09 and a beta of 1.04.

Netlist (OTCMKTS:NLST) last issued its quarterly earnings results 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. Netlist had a negative return on equity of 852.20% and a negative net margin of 37.19%. The company had revenue of $40.19 million for the quarter, compared to analyst estimates of $38.00 million. As a group, research analysts forecast that Netlist will post -0.17 EPS 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.