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.

Netlist (NASDAQ:NLST) last posted its earnings results on Wednesday, November 1st. The semiconductor company reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). The firm had revenue of $9.01 million for the quarter, compared to the consensus estimate of $15.67 million. equities analysts expect that Netlist will post -0.2 EPS for the current fiscal year.

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.

COPYRIGHT VIOLATION NOTICE: “Netlist (NLST) Upgraded to “Sell” by ValuEngine” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Netlist Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netlist and related companies with's FREE daily email newsletter.