Netlist, Inc. (NASDAQ:NLST) hit a new 52-week low during trading on Tuesday . The company traded as low as $0.28 and last traded at $0.29, with a volume of 1048900 shares. The stock had previously closed at $0.30.

A number of brokerages have commented on NLST. B. Riley restated a “buy” rating and set a $2.46 price objective on shares of Netlist in a research report on Wednesday, August 23rd. Zacks Investment Research lowered Netlist from a “buy” rating to a “hold” rating in a research report on Saturday, September 23rd. Roth Capital began coverage on Netlist in a research report on Thursday, August 24th. They set a “buy” rating and a $2.00 price objective for the company. Finally, ValuEngine lowered Netlist from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st.

The company has a debt-to-equity ratio of -2.78, a quick ratio of 1.39 and a current ratio of 1.78.

An institutional investor recently raised its position in Netlist stock. B. Riley Financial Inc. grew its position in shares of Netlist, Inc. (NASDAQ:NLST) by 42.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,351,013 shares of the semiconductor company’s stock after buying an additional 405,375 shares during the quarter. B. Riley Financial Inc. owned approximately 2.18% of Netlist worth $1,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 20.60% 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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