UPDATE: Barrington Research Downgrades DTS to Market Perform on Fundamental Uncertainties

Barrington Research reduced its rating on DTS

from Outperform from Market Perform. Barrington Research said, "DTS's latest financial results considerably lagged expectations for a combination of operational and one-time reasons. Perhaps more importantly, from an investment standpoint, the negative implications of an already difficult macro environment within the consumer electronics industry combined with sluggishness in the prominent Blu-ray area and less identifiable time frames for the emergence of key catalysts, notably smart phones and other mobile devices, is creating less assured near-term upside prospects." DTS closed at $15.21 on Friday.