SemiLEDs (NASDAQ:LEDS) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of SemiLEDs (NASDAQ:LEDS) in a report published on Thursday. The firm issued a sell rating on the semiconductor company’s stock.

SemiLEDs Stock Performance

NASDAQ LEDS opened at $2.26 on Thursday. SemiLEDs has a 1-year low of $0.92 and a 1-year high of $2.48. The business has a 50 day simple moving average of $1.76 and a two-hundred day simple moving average of $1.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.77 and a quick ratio of 0.25. The stock has a market capitalization of $16.30 million, a PE ratio of -6.85 and a beta of 1.18.

SemiLEDs (NASDAQ:LEDS) last issued its quarterly earnings results 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

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC bought a new position in SemiLEDs Co. (NASDAQ:LEDS) in the third quarter, according to its most recent filing with the SEC. The firm bought 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 SEC filing. 76.29% of the stock is currently owned by institutional investors.

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.