StockNews.com Upgrades Netlist (OTCMKTS:NLST) to “Hold”

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

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

Netlist Stock Performance

Shares of NLST stock opened at $0.91 on Monday. Netlist has a 52-week low of $0.83 and a 52-week high of $2.97. The stock has a market cap of $246.92 million, a price-to-earnings ratio of -4.13 and a beta of 1.04. The firm’s 50-day moving average is $1.00 and its 200-day moving average is $1.19.

Netlist (OTCMKTS:NLST) last posted 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. 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 for the quarter, compared to analysts’ expectations of $38.00 million. Sell-side analysts predict that Netlist will post -0.17 EPS 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.