Shares of Netlist, Inc. (NASDAQ:NLST) traded down 5.6% during mid-day trading on Monday . The stock traded as low as $0.34 and last traded at $0.34. 1,335,900 shares traded hands during trading, a decline of 48% from the average session volume of 2,560,189 shares. The stock had previously closed at $0.36.

Separately, Zacks Investment Research lowered shares of Netlist from a “buy” rating to a “hold” rating in a research report on Saturday, September 23rd.

The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of -2.78. The stock has a market cap of $24.15, a PE ratio of -1.59 and a beta of -1.36.

Netlist (NASDAQ:NLST) last posted its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). equities research analysts predict that Netlist, Inc. will post -0.2 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Netlist stock. Royce & Associates LP grew its position in shares of Netlist, Inc. (NASDAQ:NLST) by 16.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,400,500 shares of the semiconductor company’s stock after acquiring an additional 200,000 shares during the period. Royce & Associates LP owned about 1.99% of Netlist worth $1,029,000 as of its most recent SEC filing. 20.58% of the stock is owned by hedge funds and other institutional investors.

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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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