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

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

SemiLEDs Stock Performance

Shares of LEDS opened at $2.02 on Friday. The stock has a market cap of $14.57 million, a PE ratio of -6.12 and a beta of 0.96. SemiLEDs has a 52-week low of $0.92 and a 52-week high of $2.94. The firm’s fifty day moving average is $1.95 and its two-hundred day moving average is $1.56. 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 (NASDAQ:LEDS) last released its quarterly earnings data on Thursday, April 10th. The semiconductor company reported $0.05 earnings per share for the quarter. SemiLEDs had a negative return on equity of 81.97% and a negative net margin of 41.41%. The company had revenue of $10.87 million for the quarter.

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 stake in SemiLEDs Co. (NASDAQ:LEDS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned 5.23% of SemiLEDs at the end of the most recent quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

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.