SemiLEDs (NASDAQ:LEDS) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research report sent to investors on Friday. The brokerage issued a sell rating on the semiconductor company’s stock.

SemiLEDs Stock Up 1.8 %

SemiLEDs stock opened at $1.48 on Friday. The business’s 50-day simple moving average is $1.26 and its two-hundred day simple moving average is $1.31. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.34 and a current ratio of 0.85. The company has a market cap of $10.64 million, a PE ratio of -4.35 and a beta of 1.06. SemiLEDs has a fifty-two week low of $0.92 and a fifty-two week high of $2.29.

Institutional Trading of SemiLEDs

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC bought a new stake in shares of SemiLEDs Co. (NASDAQ:LEDS) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned 5.23% of SemiLEDs at the end of the most recent reporting period. Institutional investors and hedge funds own 76.29% of the company’s stock.

About SemiLEDs

SemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips, LED components, and LED modules and systems in the United States, Taiwan, the Netherlands, Germany, Japan, and internationally. The company also sells enhanced vertical, LED product series in blue, white, green, and UV; LED chips to packagers or distributors; and lighting products primarily to original design manufacturers of lighting products and the end-users of lighting devices, as well as packs and sells its LED chips.