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

Netlist (OTCMKTS:NLST) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Separately, Roth Mkm lowered their target price on Netlist from $4.00 to $2.00 and set a “buy” rating for the company in a report on Wednesday, October 30th.

Netlist Trading Down 4.0 %

NLST traded down $0.04 on Tuesday, reaching $0.95. The stock had a trading volume of 439,737 shares, compared to its average volume of 582,836. Netlist has a fifty-two week low of $0.83 and a fifty-two week high of $2.97. The firm has a 50-day moving average of $1.03 and a 200-day moving average of $1.21. The company has a market capitalization of $258.34 million, a price-to-earnings ratio of -4.32 and a beta of 1.04.

Netlist (OTCMKTS:NLST) last issued its earnings results on Tuesday, October 29th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $38.00 million. Sell-side 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.