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

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

SemiLEDs Price Performance

Shares of LEDS opened at $1.51 on Thursday. The company’s 50-day moving average is $1.40 and its 200-day moving average is $1.34. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.77 and a quick ratio of 0.25. The firm has a market capitalization of $10.89 million, a PE ratio of -4.58 and a beta of 1.08. SemiLEDs has a fifty-two week low of $0.92 and a fifty-two week high of $2.48.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC bought a new stake in SemiLEDs Co. (NASDAQ:LEDS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 and Exchange Commission (SEC). 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.