Netlist (OTCMKTS:NLST - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Friday.
Separately, Roth Mkm decreased their price objective on shares of Netlist from $4.00 to $2.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th.
View Our Latest Stock Report on NLST
Netlist Stock Up 5.3 %
Shares of OTCMKTS NLST traded up $0.04 during trading hours on Friday, reaching $0.90. 511,073 shares of the stock traded hands, compared to its average volume of 528,336. The company's 50-day simple moving average is $0.99 and its two-hundred day simple moving average is $1.16. The company has a market capitalization of $244.76 million, a P/E ratio of -4.09 and a beta of 1.04. Netlist has a 52-week low of $0.71 and a 52-week 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) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $40.19 million for the quarter, compared to analyst estimates of $38.00 million. Netlist had a negative net margin of 37.19% and a negative return on equity of 852.20%. As a group, sell-side analysts forecast that Netlist will post -0.17 earnings per share for the current fiscal year.
About Netlist
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Netlist, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Netlist wasn't on the list.
While Netlist currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
