Netlist (NLST) Upgraded to “Sell” by ValuEngine
ValuEngine upgraded shares of Netlist (NASDAQ:NLST) from a strong sell rating to a sell rating in a research report sent to investors on Friday morning.
Separately, Zacks Investment Research downgraded Netlist from a buy rating to a hold rating in a research report on Tuesday, October 24th.
Netlist (NASDAQ:NLST) traded down $0.02 during midday trading on Friday, hitting $0.30. The stock had a trading volume of 1,960,737 shares, compared to its average volume of 2,898,571. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of -2.78. The company has a market cap of $22.25, a P/E ratio of -1.36 and a beta of -1.37. Netlist has a 52-week low of $0.25 and a 52-week high of $1.40.
A hedge fund recently raised its stake in Netlist stock. Royce & Associates LP increased its stake in Netlist, Inc. (NASDAQ:NLST) by 16.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,400,500 shares of the semiconductor company’s stock after buying an additional 200,000 shares during the quarter. Royce & Associates LP owned about 1.99% of Netlist worth $1,029,000 as of its most recent SEC filing. 20.58% of the stock is currently owned by hedge funds and other institutional investors.
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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