Netlist (NASDAQ:NLST) Stock Rating Upgraded by ValuEngine

Netlist (NASDAQ:NLST) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Friday, February 2nd.

Separately, Zacks Investment Research cut Netlist from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 7th.

Shares of Netlist (NASDAQ:NLST) opened at $0.28 on Friday. Netlist has a 52 week low of $0.25 and a 52 week high of $1.40. 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 firm has a market capitalization of $19.51, a price-to-earnings ratio of -1.20 and a beta of -1.37.

An institutional investor recently raised its position in Netlist stock. Royce & Associates LP raised its holdings in Netlist, Inc. (NASDAQ:NLST) by 16.7% during the third quarter, according to its most recent filing with the Securities and 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 1.99% of Netlist worth $1,029,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 20.55% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://stocknewstimes.com/2018/02/19/netlist-nlst-rating-increased-to-sell-at-valuengine.html.

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).

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 MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply