Netlist (OTCMKTS:NLST) Upgraded to “Hold” at StockNews.com

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

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

Netlist Stock Performance

Netlist stock opened at $0.91 on Monday. Netlist has a fifty-two week low of $0.83 and a fifty-two week high of $2.97. The stock has a market cap of $246.92 million, a P/E ratio of -4.13 and a beta of 1.04. The firm’s fifty day moving average price is $1.00 and its 200-day moving average price is $1.19.

Netlist (OTCMKTS:NLST) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $40.19 million for the quarter, compared to the consensus estimate of $38.00 million. On average, analysts predict 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.