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

Investment analysts at StockNews.com began coverage on shares of SemiLEDs (NASDAQ:LEDS) in a note issued to investors on Monday. The brokerage set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Trading Up 0.4 %

NASDAQ LEDS opened at $1.34 on Monday. The stock’s 50 day moving average is $1.29 and its 200 day moving average is $1.30. The company has a quick ratio of 0.34, a current ratio of 0.85 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $9.66 million, a PE ratio of -3.62 and a beta of 1.08. SemiLEDs has a twelve month low of $0.92 and a twelve month high of $2.29.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC acquired a new position in SemiLEDs Co. (NASDAQ:LEDS) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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 as of its most recent filing with the Securities & Exchange Commission. Institutional investors 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.