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

Netlist (OTCMKTS:NLSTGet Free Report) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Separately, Roth Mkm reduced their target price on shares of Netlist from $4.00 to $2.00 and set a “buy” rating for the company in a report on Wednesday, October 30th.

Read Our Latest Report on Netlist

Netlist Trading Down 2.7 %

Shares of NLST stock opened at $0.73 on Wednesday. Netlist has a twelve month low of $0.71 and a twelve month high of $2.97. The stock has a fifty day simple moving average of $0.96 and a two-hundred day simple moving average of $1.13. The stock has a market capitalization of $198.39 million, a price-to-earnings ratio of -3.32 and a beta of 1.11.

Netlist (OTCMKTS:NLSTGet Free Report) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported ($0.04) earnings per share 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 firm had revenue of $40.19 million during the quarter, compared to the consensus estimate of $38.00 million. Research analysts predict that Netlist will post -0.17 EPS for the current fiscal year.

Netlist Company Profile

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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.

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