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

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

SemiLEDs Trading Down 1.5 %

NASDAQ LEDS opened at $1.32 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.34 and a debt-to-equity ratio of 0.39. SemiLEDs has a 1-year low of $0.92 and a 1-year high of $2.29. The firm’s fifty day simple moving average is $1.27 and its 200-day simple moving average is $1.31. The company has a market capitalization of $9.52 million, a PE ratio of -3.57 and a beta of 1.06.

Institutional Investors Weigh In On 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) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned approximately 5.23% of SemiLEDs as of its most recent filing with the Securities & Exchange Commission. 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.