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

Equities research analysts at StockNews.com initiated coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research report issued on Thursday. The firm set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Price Performance

LEDS opened at $1.28 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.40 and a debt-to-equity ratio of 0.35. The stock has a market cap of $9.23 million, a price-to-earnings ratio of -3.46 and a beta of 1.06. The stock has a fifty day moving average price of $1.24 and a 200 day moving average price of $1.31. SemiLEDs has a 1 year low of $0.92 and a 1 year high of $2.29.

Institutional Trading of SemiLEDs

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC acquired a new stake in shares of SemiLEDs Co. (NASDAQ:LEDS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned about 5.24% of SemiLEDs at the end of the most recent reporting period. 76.29% of the stock is currently 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.