Netlist (NLST) Upgraded by ValuEngine to Sell

Netlist (NASDAQ:NLST) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Friday.

Separately, Zacks Investment Research raised Netlist from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd.

Shares of Netlist (NLST) traded down $0.02 during trading hours on Friday, reaching $0.30. The company had a trading volume of 1,960,000 shares, compared to its average volume of 2,740,000. Netlist has a 52 week low of $0.25 and a 52 week high of $1.40. The company has a market capitalization of $21.12, a PE ratio of -1.30 and a beta of -1.37. The company has a debt-to-equity ratio of -2.78, a quick ratio of 1.39 and a current ratio of 1.78.

Netlist (NASDAQ:NLST) last announced its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). The firm had revenue of $9.01 million during the quarter, compared to the consensus estimate of $15.67 million. sell-side analysts anticipate 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 position in Netlist, Inc. (NASDAQ:NLST) by 16.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,400,500 shares of the semiconductor company’s stock after purchasing an additional 200,000 shares during the quarter. Royce & Associates LP owned approximately 1.99% of Netlist worth $1,029,000 as of its most recent SEC filing. 20.58% of the stock is currently owned by institutional investors and hedge funds.

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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.

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