Shares of Netlist, Inc. (NASDAQ:NLST) gapped down before the market opened on Thursday . The stock had previously closed at $0.94, but opened at $0.65. Netlist shares last traded at $0.31, with a volume of 9638800 shares trading hands.

Several analysts have weighed in on NLST shares. B. Riley reiterated a “buy” rating and set a $2.46 target price on shares of Netlist in a research note on Friday, August 18th. ValuEngine lowered shares of Netlist from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research lowered shares of Netlist from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Netlist has a consensus rating of “Hold” and a consensus price target of $1.74.

The company has a quick ratio of 1.23, a current ratio of 1.76 and a debt-to-equity ratio of -2.10.

An institutional investor recently raised its position in Netlist stock. B. Riley Financial Inc. lifted its position in shares of Netlist, Inc. (NASDAQ:NLST) by 42.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,351,013 shares of the semiconductor company’s stock after acquiring an additional 405,375 shares during the period. B. Riley Financial Inc. owned 2.18% of Netlist worth $1,378,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 17.44% of the company’s stock.

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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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