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

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

SemiLEDs Trading Down 7.6 %

SemiLEDs stock opened at $1.22 on Friday. SemiLEDs has a 52-week low of $0.92 and a 52-week high of $2.29. 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 firm has a market capitalization of $8.80 million, a price-to-earnings ratio of -3.30 and a beta of 1.06. The firm has a 50-day moving average price of $1.27 and a two-hundred day moving average price of $1.31.

Institutional Trading of SemiLEDs

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC acquired a new position in shares of SemiLEDs Co. (NASDAQ:LEDS) during the 3rd quarter, according to the company in its most recent Form 13F filing 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 approximately 5.23% of SemiLEDs at the end of the most recent quarter. 76.29% of the stock is owned by institutional investors.

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.