Netlist, Inc. (NASDAQ:NLST) was up 0% on Friday . The company traded as high as $0.28 and last traded at $0.28. Approximately 1,218,546 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 1,986,797 shares. The stock had previously closed at $0.28.
A number of equities research analysts have recently weighed in on NLST shares. Zacks Investment Research downgraded shares of Netlist from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. ValuEngine upgraded shares of Netlist from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd.
The firm has a market cap of $18.34, a PE ratio of -1.25 and a beta of -1.22. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of -2.78.
An institutional investor recently raised its position in Netlist stock. Royce & Associates LP raised its position in shares of Netlist, Inc. (NASDAQ:NLST) by 16.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,400,500 shares of the semiconductor company’s stock after purchasing an additional 200,000 shares during the period. Royce & Associates LP owned approximately 1.99% of Netlist worth $1,029,000 at the end of the most recent reporting period. 15.23% of the stock is currently owned by institutional investors and hedge funds.
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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