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

StockNews.com assumed coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research note published on Monday morning. The brokerage issued a sell rating on the semiconductor company’s stock.

SemiLEDs Stock Performance

NASDAQ LEDS opened at $1.63 on Monday. The company has a quick ratio of 0.25, a current ratio of 0.77 and a debt-to-equity ratio of 0.47. SemiLEDs has a 52-week low of $0.92 and a 52-week high of $2.48. The business’s 50-day moving average price is $1.55 and its 200 day moving average price is $1.37. The firm has a market cap of $11.76 million, a P/E ratio of -4.94 and a beta of 1.09.

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

Institutional Investors Weigh In On SemiLEDs

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC acquired a new position in shares of SemiLEDs Co. (NASDAQ:LEDS) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 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.

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.