SemiLEDs (NASDAQ:LEDS) Coverage Initiated by Analysts at StockNews.com

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

SemiLEDs Trading Down 4.5 %

LEDS opened at $1.26 on Tuesday. The stock has a market capitalization of $9.07 million, a price-to-earnings ratio of -2.68 and a beta of 1.02. The company has a quick ratio of 0.40, a current ratio of 0.94 and a debt-to-equity ratio of 0.35. SemiLEDs has a twelve month low of $0.92 and a twelve month high of $2.29. The company has a 50-day simple moving average of $1.24 and a 200 day simple moving average of $1.33.

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) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned approximately 5.24% of SemiLEDs as of its most recent filing with the SEC. 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.