SemiLEDs (NASDAQ:LEDS) Research Coverage Started at StockNews.com

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

SemiLEDs Price Performance

Shares of NASDAQ LEDS opened at $1.35 on Monday. The company has a quick ratio of 0.34, a current ratio of 0.85 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $9.74 million, a PE ratio of -3.65 and a beta of 1.08. The firm has a fifty day simple moving average of $1.30 and a 200 day simple moving average of $1.31. SemiLEDs has a twelve month low of $0.92 and a twelve month high of $2.29.

Institutional Investors Weigh In On SemiLEDs

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC acquired a new position in shares of SemiLEDs Co. (NASDAQ:LEDS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 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 as of its most recent SEC filing. Hedge funds and other 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.