Netlist (NASDAQ:NLST) was upgraded by equities researchers at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday.
Separately, Zacks Investment Research upgraded shares of Netlist from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd.
Netlist (NASDAQ:NLST) traded down $0.02 during midday trading on Friday, hitting $0.30. 1,960,737 shares of the stock were exchanged, compared to its average volume of 2,898,571. The company has a debt-to-equity ratio of -2.78, a quick ratio of 1.39 and a current ratio of 1.78. Netlist has a 1 year low of $0.25 and a 1 year high of $1.40.
An institutional investor recently raised its position in Netlist stock. Royce & Associates LP increased its holdings in shares of Netlist, Inc. (NASDAQ:NLST) by 16.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,400,500 shares of the semiconductor company’s stock after purchasing an additional 200,000 shares during the period. Royce & Associates LP owned 1.99% of Netlist worth $1,029,000 as of its most recent SEC filing. Institutional investors and hedge funds own 20.58% of the company’s stock.
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).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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