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

Stock analysts at StockNews.com began coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research report issued to clients and investors on Monday. The brokerage set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Price Performance

Shares of NASDAQ:LEDS opened at $1.34 on Monday. The company has a market capitalization of $9.66 million, a PE ratio of -3.62 and a beta of 1.08. The business has a fifty day moving average price of $1.29 and a 200-day moving average price of $1.30. SemiLEDs has a 1-year low of $0.92 and a 1-year high of $2.29. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.34.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC acquired a new stake in shares of SemiLEDs Co. (NASDAQ:LEDS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 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 reporting period. 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.