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 Saturday morning. The firm issued a sell rating on the semiconductor company’s stock.

SemiLEDs Trading Down 2.8 %

Shares of LEDS stock opened at $1.71 on Friday. The business’s 50 day moving average is $1.47 and its two-hundred day moving average is $1.34. SemiLEDs has a twelve month low of $0.92 and a twelve month high of $2.48. The company has a market capitalization of $12.33 million, a P/E ratio of -5.18 and a beta of 1.09. The company has a current ratio of 0.77, a quick ratio of 0.25 and a debt-to-equity ratio of 0.47.

SemiLEDs (NASDAQ:LEDS) last announced 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%.

Hedge Funds Weigh In On SemiLEDs

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC purchased a new position in SemiLEDs Co. (NASDAQ:LEDS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 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 as of its most recent SEC filing. Institutional investors and hedge funds own 76.29% of the company’s stock.

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.