The 4DS Memory Ltd share price is now up 72% this month

The 4DS Memory Ltd (ASX:4DS) share price is up 16% today, bringing its month-to-date return to 72%…

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It has been another day of gains for the 4DS Memory Ltd (ASX: 4DS) share price.

In morning trade the shares of the developer of resistive random access memory are up 16% to 4.3 cents. This latest gain brings its month-to-date return to 72%.

Its shares have been on a tear since the release of a positive update last week.

Architectural changes made to its patented Interface Switching ReRAM improved read access time to such a degree that is now comparable to DRAM.

This news caught the eye of research firm TMT Analytics. Its analysts reiterated their buy rating and 12 cents price target on the company's shares last week.

Here's why one Motley Fool contributor recently picked it out as one of two small-cap tech shares to watch.

Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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