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

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

SemiLEDs Trading Down 1.5 %

Shares of LEDS stock opened at $1.33 on Tuesday. The stock’s fifty day moving average is $1.24 and its two-hundred day moving average is $1.33. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.40 and a current ratio of 0.94. The firm has a market capitalization of $9.58 million, a P/E ratio of -2.87 and a beta of 1.02. SemiLEDs has a fifty-two week low of $0.92 and a fifty-two week high of $2.29.

Institutional Investors Weigh In On SemiLEDs

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC acquired a new stake in SemiLEDs Co. (NASDAQ:LEDS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 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 at the end of the most recent quarter. Institutional investors 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.