Netlist (NLST) Shares Up 31%
Netlist, Inc. (NASDAQ:NLST) shot up 31% during trading on Monday . The stock traded as high as $0.65 and last traded at $0.76. 116,581 shares traded hands during trading, a decline of 100% from the average session volume of 26,053,480 shares. The stock had previously closed at $0.58.
Several brokerages have commented on NLST. ValuEngine upgraded shares of Netlist from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Zacks Investment Research lowered shares of Netlist from a “hold” rating to a “sell” rating in a research report on Saturday, August 4th. Craig Hallum restated a “buy” rating and set a $1.00 target price on shares of Netlist in a research report on Friday, June 1st. Finally, Roth Capital upgraded shares of Netlist from a “neutral” rating to a “buy” rating in a research report on Thursday, May 31st.
The company has a debt-to-equity ratio of -1.79, a quick ratio of 1.15 and a current ratio of 1.50. The stock has a market capitalization of $72.35 million, a P/E ratio of -3.25 and a beta of -1.13.
About Netlist (NASDAQ:NLST)
Netlist, Inc designs, manufactures, and sells modular memory subsystems for the server, high-performance computing, and communications markets worldwide. It offers Hybri dual in-line memory module (DIMM), a storage class memory product, which unifies dynamic random access memory (DRAM)and NAND flash in a plug-and-play module delivering terabyte storage capacities operating at nanosecond memory speeds.
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