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

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

SemiLEDs Stock Up 7.3 %

Shares of NASDAQ:LEDS opened at $1.92 on Wednesday. The firm has a market capitalization of $13.85 million, a P/E ratio of -5.82 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.25 and a current ratio of 0.77. The stock has a 50 day moving average price of $1.64 and a 200-day moving average price of $1.40. SemiLEDs has a 52-week low of $0.92 and a 52-week high of $2.48.

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

Institutional Investors Weigh In On SemiLEDs

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC bought a new stake in shares of SemiLEDs Co. (NASDAQ:LEDS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 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 as of its most recent filing with the Securities & Exchange Commission. 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.