Netlist, Inc. (NASDAQ:NLST) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $0.28 and last traded at $0.29, with a volume of 1048900 shares trading hands. The stock had previously closed at $0.30.

NLST has been the topic of several research analyst reports. Zacks Investment Research downgraded Netlist from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 7th. B. Riley reaffirmed a “buy” rating and issued a $2.46 price target on shares of Netlist in a research report on Wednesday, August 23rd. Roth Capital initiated coverage on Netlist in a research report on Thursday, August 24th. They issued a “buy” rating and a $2.00 price target on the stock. Finally, ValuEngine downgraded Netlist from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st.

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

A hedge fund recently raised its stake in Netlist stock. B. Riley Financial Inc. increased its position in shares of Netlist, Inc. (NASDAQ:NLST) by 42.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,351,013 shares of the semiconductor company’s stock after buying an additional 405,375 shares during the quarter. B. Riley Financial Inc. owned 2.18% of Netlist worth $1,378,000 at the end of the most recent quarter. 20.60% of the stock is owned by institutional investors.

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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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