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

StockNews.com downgraded shares of Netlist (OTCMKTS:NLST - Free Report) from a hold rating to a sell rating in a report issued on Thursday.

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

Netlist Trading Down 4.5 %

Shares of Netlist stock traded down $0.04 on Thursday, hitting $0.83. 394,135 shares of the company traded hands, compared to its average volume of 388,250. The company has a market cap of $225.75 million, a PE ratio of -3.77 and a beta of 1.11. The stock's 50 day moving average price is $0.98 and its 200-day moving average price is $1.15. Netlist has a 52 week low of $0.71 and a 52 week high of $2.97.

Netlist (OTCMKTS:NLST - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $38.00 million. As a group, research analysts anticipate that Netlist will post -0.17 EPS for the current fiscal 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.