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

StockNews.com assumed coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research report released on Sunday morning. The firm issued a sell rating on the semiconductor company’s stock.

SemiLEDs Price Performance

LEDS opened at $1.29 on Friday. 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 stock has a market capitalization of $9.30 million, a PE ratio of -3.49 and a beta of 1.06. The stock’s 50 day moving average price is $1.28 and its 200-day moving average price is $1.30. SemiLEDs has a 52-week low of $0.92 and a 52-week high of $2.29.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC bought a new stake in shares of SemiLEDs Co. (NASDAQ:LEDS) during the third quarter, according to the company in its most recent disclosure with the Securities and 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 approximately 5.23% of SemiLEDs at the end of the most recent quarter. Institutional investors and hedge funds 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.