StockNews.com Begins Coverage on SemiLEDs (NASDAQ:LEDS)

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

SemiLEDs Stock Performance

LEDS stock opened at $1.22 on Friday. The stock has a market capitalization of $8.80 million, a PE ratio of -3.30 and a beta of 1.06. SemiLEDs has a fifty-two week low of $0.92 and a fifty-two week high of $2.29. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.34. The company has a 50 day moving average price of $1.27 and a 200 day moving average price of $1.31.

Institutional Trading of SemiLEDs

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC purchased a new stake in SemiLEDs Co. (NASDAQ:LEDS) during the third quarter, according to its most recent filing with the SEC. The firm purchased 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 at the end of the most recent reporting period. 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.