SemiLEDs (NASDAQ:LEDS) Now Covered by StockNews.com

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

SemiLEDs Trading Up 3.0 %

SemiLEDs stock opened at $1.36 on Tuesday. The stock has a 50-day moving average price of $1.31 and a 200 day moving average price of $1.31. 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 company has a market capitalization of $9.81 million, a price-to-earnings ratio of -3.68 and a beta of 1.08. SemiLEDs has a 52 week low of $0.92 and a 52 week high of $2.29.

SemiLEDs (NASDAQ:LEDS) last announced its quarterly earnings results on Friday, January 10th. The semiconductor company reported ($0.08) earnings per share for the quarter. SemiLEDs had a negative net margin of 39.28% and a negative return on equity of 91.96%.

Institutional Trading of SemiLEDs

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC purchased a new position in SemiLEDs Co. (NASDAQ:LEDS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned about 5.23% of SemiLEDs at the end of the most recent reporting period. 76.29% of the stock is currently 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.