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

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

SemiLEDs Price Performance

SemiLEDs stock opened at $1.28 on Friday. The company has a fifty day simple moving average of $1.28 and a 200-day simple moving average of $1.30. The firm has a market capitalization of $9.23 million, a price-to-earnings ratio of -3.46 and a beta of 1.06. The company has a quick ratio of 0.34, a current ratio of 0.85 and a debt-to-equity ratio of 0.39. SemiLEDs has a 52-week low of $0.92 and a 52-week high of $2.29.

Institutional Trading of SemiLEDs

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC purchased a new stake in shares of SemiLEDs Co. (NASDAQ:LEDS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned about 5.23% of SemiLEDs at the end of the most recent quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

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.