Shares of Netlist, Inc. (NASDAQ:NLST) rose 3.3% during mid-day trading on Friday . The company traded as high as $0.32 and last traded at $0.31. Approximately 1,590,408 shares traded hands during trading, an increase of 400% from the average daily volume of 317,945 shares. The stock had previously closed at $0.30.

NLST has been the topic of a number of recent research reports. Roth Capital initiated coverage on Netlist in a report on Thursday, August 24th. They set a “buy” rating and a $2.00 price objective on the stock. B. Riley reissued a “buy” rating and set a $2.46 price objective on shares of Netlist in a report on Wednesday, August 23rd. Finally, Zacks Investment Research raised Netlist from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a report on Friday, September 15th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Netlist has a consensus rating of “Hold” and an average price target of $1.74.

The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of -2.78.

A hedge fund recently raised its stake in Netlist stock. Royce & Associates LP increased its stake in shares of Netlist, Inc. (NASDAQ:NLST) by 16.7% during the third quarter, according to its most recent filing 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. 17.28% of the stock is currently owned by institutional investors and hedge funds.

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About Netlist

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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