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

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

SemiLEDs Stock Performance

NASDAQ LEDS opened at $1.77 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.77 and a quick ratio of 0.25. SemiLEDs has a 1-year low of $0.92 and a 1-year high of $2.48. The business has a 50 day simple moving average of $1.51 and a two-hundred day simple moving average of $1.36. The stock has a market capitalization of $12.77 million, a PE ratio of -5.36 and a beta of 1.09.

SemiLEDs (NASDAQ:LEDS) last posted its 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

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC acquired a new stake in SemiLEDs Co. (NASDAQ:LEDS) in the 3rd quarter, according to its most recent disclosure 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 about 5.23% of SemiLEDs at the end of the most recent reporting period. 76.29% of the stock is currently 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.