SemiLEDs (NASDAQ:LEDS) Now Covered by Analysts at StockNews.com

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

SemiLEDs Price Performance

Shares of SemiLEDs stock opened at $1.49 on Thursday. SemiLEDs has a twelve month low of $0.92 and a twelve month high of $2.48. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.25 and a current ratio of 0.77. The firm has a market cap of $10.74 million, a P/E ratio of -4.52 and a beta of 1.08. The firm’s 50-day simple moving average is $1.39 and its 200-day simple moving average is $1.33.

SemiLEDs (NASDAQ:LEDS) last announced its quarterly earnings results on Friday, January 10th. The semiconductor company reported ($0.08) EPS for the quarter. SemiLEDs had a negative net margin of 41.41% and a negative return on equity of 81.97%.

Institutional Trading of SemiLEDs

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC bought a new position in SemiLEDs Co. (NASDAQ:LEDS) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 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 filing with the Securities & Exchange Commission. 76.29% of the stock is owned by institutional investors and hedge funds.

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.