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

Equities researchers at StockNews.com started coverage on shares of SemiLEDs (NASDAQ:LEDS) in a report issued on Thursday. The firm set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Stock Up 2.5 %

NASDAQ LEDS opened at $1.25 on Thursday. SemiLEDs has a 1-year low of $0.92 and a 1-year high of $2.29. The company has a market capitalization of $9.01 million, a price-to-earnings ratio of -3.38 and a beta of 1.06. The stock’s 50 day moving average is $1.24 and its two-hundred day moving average is $1.31. The company has a current ratio of 0.94, a quick ratio of 0.40 and a debt-to-equity ratio of 0.35.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC bought a new position in SemiLEDs Co. (NASDAQ:LEDS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned about 5.24% of SemiLEDs as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 76.29% of the company’s stock.

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.