Netlist (OTCMKTS:NLST) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Netlist (OTCMKTS:NLST - Free Report) from a sell rating to a hold rating in a research note released on Monday.

Separately, Roth Mkm decreased their price target on Netlist from $4.00 to $2.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th.

Netlist Stock Down 2.7 %

Shares of Netlist stock traded down $0.02 during trading on Monday, reaching $0.89. The company's stock had a trading volume of 761,405 shares, compared to its average volume of 582,977. The business's 50-day moving average price is $1.00 and its 200-day moving average price is $1.19. Netlist has a 52 week low of $0.83 and a 52 week high of $2.97. The firm has a market cap of $242.00 million, a PE ratio of -4.05 and a beta of 1.04.

Netlist (OTCMKTS:NLST - Get Free Report) 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. The company had revenue of $40.19 million during the quarter, compared to the consensus estimate of $38.00 million. Netlist had a negative net margin of 37.19% and a negative return on equity of 852.20%. Equities analysts predict that Netlist will post -0.17 earnings per share for the current 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.