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

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

SemiLEDs Stock Down 4.0 %

SemiLEDs stock opened at $1.67 on Tuesday. The stock has a market cap of $12.04 million, a price-to-earnings ratio of -5.06 and a beta of 1.18. The company has a current ratio of 0.77, a quick ratio of 0.25 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $1.58 and its two-hundred day moving average price is $1.39. SemiLEDs has a 52 week low of $0.92 and a 52 week high of $2.48.

SemiLEDs (NASDAQ:LEDS) last released its earnings results on Friday, January 10th. The semiconductor company reported ($0.08) EPS for the quarter. SemiLEDs had a negative net margin of 41.41% and a negative return on equity of 81.97%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC purchased a new position in shares of SemiLEDs Co. (NASDAQ:LEDS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 and Exchange Commission (SEC). Hedge funds and other institutional investors own 76.29% of the company’s stock.

About SemiLEDs

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.