SemiLEDs (NASDAQ:LEDS) Earns Sell Rating from Analysts at StockNews.com

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

SemiLEDs Stock Performance

NASDAQ:LEDS opened at $1.73 on Wednesday. SemiLEDs has a 52 week low of $0.92 and a 52 week high of $2.48. The company has a fifty day simple moving average of $1.35 and a two-hundred day simple moving average of $1.32. The company has a quick ratio of 0.25, a current ratio of 0.77 and a debt-to-equity ratio of 0.47. The company has a market cap of $12.47 million, a price-to-earnings ratio of -5.24 and a beta of 1.08.

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

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 SemiLEDs Co. (NASDAQ:LEDS) during the third quarter, according to its most recent 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.