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

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

SemiLEDs Price Performance

SemiLEDs stock opened at $2.22 on Tuesday. SemiLEDs has a 52 week low of $0.92 and a 52 week high of $2.94. The firm has a market cap of $18.21 million, a P/E ratio of -6.73 and a beta of 0.96. 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 business’s fifty day moving average is $2.05 and its two-hundred day moving average is $1.64.

SemiLEDs (NASDAQ:LEDS) last issued its quarterly earnings data on Thursday, April 10th. The semiconductor company reported $0.05 EPS for the quarter. The firm had revenue of $10.87 million 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

An institutional investor recently raised its position in SemiLEDs stock. Renaissance Technologies LLC grew its position in SemiLEDs Co. (NASDAQ:LEDS) by 212.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 39,716 shares of the semiconductor company’s stock after buying an additional 27,016 shares during the period. Renaissance Technologies LLC owned 0.55% of SemiLEDs worth $51,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

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.