SemiLEDs (NASDAQ:LEDS) Coverage Initiated by Analysts at initiated coverage on shares of SemiLEDs (NASDAQ:LEDSFree Report) in a report published on Monday. The brokerage issued a sell rating on the semiconductor company’s stock.

SemiLEDs Stock Performance

Shares of SemiLEDs stock opened at $1.60 on Monday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.74 and a quick ratio of 0.35. The firm has a market cap of $7.95 million, a P/E ratio of -2.86 and a beta of 1.07. The firm has a 50 day simple moving average of $1.47 and a 200 day simple moving average of $1.43. SemiLEDs has a fifty-two week low of $1.01 and a fifty-two week high of $3.47.

SemiLEDs (NASDAQ:LEDSGet Free Report) last issued its quarterly earnings results on Friday, January 12th. The semiconductor company reported ($0.12) earnings per share for the quarter. The company had revenue of $1.65 million during the quarter. SemiLEDs had a negative net margin of 46.78% and a negative return on equity of 166.93%.

Institutional Trading of SemiLEDs

A number of institutional investors have recently bought and sold shares of LEDS. Millennium Management LLC acquired a new stake in SemiLEDs during the 2nd quarter worth $59,000. Bank of America Corp DE bought a new position in shares of SemiLEDs during the first quarter worth $59,000. Finally, Citadel Advisors LLC bought a new position in shares of SemiLEDs during the third quarter worth $29,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

About SemiLEDs

(Get Free Report)

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.

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