SemiLEDs (NASDAQ:LEDS) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research note published on Tuesday. The firm issued a sell rating on the semiconductor company’s stock.

SemiLEDs Price Performance

NASDAQ LEDS opened at $1.51 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.34 and a current ratio of 0.85. SemiLEDs has a 52-week low of $0.92 and a 52-week high of $2.29. The business has a 50 day simple moving average of $1.32 and a 200 day simple moving average of $1.31. The stock has a market cap of $10.89 million, a price-to-earnings ratio of -4.08 and a beta of 1.08.

SemiLEDs (NASDAQ:LEDS) last issued its quarterly earnings data on Friday, January 10th. The semiconductor company reported ($0.08) EPS for the quarter. SemiLEDs had a negative return on equity of 91.96% and a negative net margin of 39.28%.

Institutional Investors Weigh In On SemiLEDs

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC purchased a new position in shares of SemiLEDs Co. (NASDAQ:LEDS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned approximately 5.23% of SemiLEDs as of its most recent SEC filing. 76.29% of the stock is owned by hedge funds and other institutional investors.

SemiLEDs Company Profile

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.