Netlist (OTCMKTS:NLST - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Wednesday.
Separately, Roth Mkm lowered their target price on shares of Netlist from $4.00 to $2.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th.
Check Out Our Latest Stock Analysis on Netlist
Netlist Trading Down 5.4 %
NLST stock traded down $0.04 on Wednesday, hitting $0.69. The company had a trading volume of 1,258,506 shares, compared to its average volume of 643,259. Netlist has a 12-month low of $0.68 and a 12-month high of $2.97. The stock's 50-day simple moving average is $0.95 and its 200 day simple moving average is $1.13. The stock has a market cap of $187.67 million, a price-to-earnings ratio of -3.14 and a beta of 1.11.
Netlist (OTCMKTS:NLST - Get Free Report) last issued its earnings results on Tuesday, October 29th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. Netlist had a negative net margin of 37.19% and a negative return on equity of 852.20%. The company had revenue of $40.19 million for the quarter, compared to analysts' expectations of $38.00 million. Research analysts forecast that Netlist will post -0.17 earnings per share for the current 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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