Netlist, Inc. (NASDAQ:NLST) was down 1.4% during trading on Tuesday . The company traded as low as $0.65 and last traded at $0.69. Approximately 191,900 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 225,607 shares. The stock had previously closed at $0.70.
A number of equities research analysts recently commented on NLST shares. Zacks Investment Research downgraded Netlist from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. B. Riley reiterated a “buy” rating and issued a $2.46 price objective on shares of Netlist in a report on Wednesday, August 23rd. Roth Capital started coverage on Netlist in a report on Thursday, August 24th. They issued a “buy” rating and a $2.00 price objective for the company. Finally, ValuEngine cut Netlist from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $1.74.
The company has a debt-to-equity ratio of -2.10, a current ratio of 1.76 and a quick ratio of 1.23.
A hedge fund recently raised its stake in Netlist stock. Royce & Associates LP raised its holdings in Netlist, Inc. (NASDAQ:NLST) by 16.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,400,500 shares of the semiconductor company’s stock after acquiring an additional 200,000 shares during the period. Royce & Associates LP owned about 1.99% of Netlist worth $1,029,000 as of its most recent filing with the Securities and Exchange Commission. 17.44% of the stock is owned by institutional investors.
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Netlist, Inc designs, manufactures and sells a range of memory subsystems for datacenter, data storage and computing markets. The Company operates in the segment of design and manufacture of memory subsystems for the server, computing and communications markets. The Company’s memory subsystems consist of combinations of dynamic random access memory integrated circuits (DRAM ICs or DRAM), NAND flash memory (NAND flash), application-specific integrated circuits (ASICs) and other components assembled on printed circuit boards (PCBs).
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