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

Analysts at StockNews.com began coverage on shares of SemiLEDs (NASDAQ:LEDS) in a report issued on Wednesday. The brokerage set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Price Performance

Shares of NASDAQ LEDS opened at $1.26 on Wednesday. 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 52 week low of $0.92 and a 52 week high of $2.29. The business’s 50 day moving average price is $1.23 and its 200 day moving average price is $1.32. The firm has a market cap of $9.07 million, a P/E ratio of -2.68 and a beta of 1.02.

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 the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned 5.24% of SemiLEDs as of its most recent SEC filing. 76.29% of the stock is owned by hedge funds and other 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.