Netlist (OTCMKTS:NLST) Stock Rating Lowered by StockNews.com

Netlist (OTCMKTS:NLST - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Wednesday.

Separately, Roth Mkm decreased their price target 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.

Netlist Stock Performance

Shares of OTCMKTS:NLST traded down $0.04 on Wednesday, hitting $0.69. The company's stock had a trading volume of 1,258,506 shares, compared to its average volume of 588,824. The stock's 50-day moving average is $0.95 and its two-hundred day moving average is $1.13. The company has a market capitalization of $187.67 million, a price-to-earnings ratio of -3.14 and a beta of 1.11. Netlist has a 12 month low of $0.68 and a 12 month high of $2.97.

Netlist (OTCMKTS:NLST - Get Free Report) last released its earnings results on Tuesday, October 29th. The semiconductor company reported ($0.04) earnings per share 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 business had revenue of $40.19 million for the quarter, compared to the consensus estimate of $38.00 million. Equities analysts expect that Netlist will post -0.17 earnings per share for the current fiscal 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.