Netlist (NLST) Shares Down 11.8%
Netlist, Inc. (NASDAQ:NLST) shares dropped 11.8% during mid-day trading on Thursday . The company traded as low as $0.29 and last traded at $0.30. Approximately 2,114,410 shares traded hands during trading, an increase of 410% from the average daily volume of 414,349 shares. The stock had previously closed at $0.34.
NLST has been the subject of a number of analyst reports. B. Riley reiterated a “buy” rating and set a $2.46 price objective on shares of Netlist in a report on Friday, August 18th. ValuEngine cut shares of Netlist from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Zacks Investment Research cut shares of Netlist from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, Roth Capital began coverage on shares of Netlist in a report on Thursday, August 24th. They set a “buy” rating and a $2.00 price target on the stock.
The company has a debt-to-equity ratio of -2.78, a current ratio of 1.78 and a quick ratio of 1.39.
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Netlist Company Profile
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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