ValuEngine upgraded shares of Netlist (NASDAQ:NLST) from a strong sell rating to a sell rating in a report issued on Friday morning.

Separately, Zacks Investment Research lowered shares of Netlist from a buy rating to a hold rating in a report on Tuesday, October 24th.

Netlist (NLST) opened at $0.29 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of -2.78. Netlist has a 1-year low of $0.25 and a 1-year high of $1.40.

A hedge fund recently raised its stake in Netlist stock. Royce & Associates LP increased its stake in shares of Netlist, Inc. (NASDAQ:NLST) by 16.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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. Institutional investors and hedge funds own 20.55% of the company’s stock.

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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).

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