Netlist (OTCMKTS:NLST) Downgraded by StockNews.com to “Sell”

Netlist (OTCMKTS:NLST) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

Netlist Price Performance

Shares of Netlist stock remained flat at $0.95 on Monday. The company’s stock had a trading volume of 356,444 shares, compared to its average volume of 547,706. The firm has a market cap of $257.88 million, a P/E ratio of -3.79 and a beta of 1.05. Netlist has a 52-week low of $0.83 and a 52-week high of $2.97. The business has a 50 day moving average price of $1.16 and a 200-day moving average price of $1.32.

Netlist (OTCMKTS:NLST) last issued its earnings results on Tuesday, July 30th. The semiconductor company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Netlist had a negative net margin of 50.76% and a negative return on equity of 356.11%. The firm had revenue of $36.84 million during the quarter, compared to analyst estimates of $37.00 million. Sell-side analysts forecast that Netlist will post -0.21 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.