SemiLEDs (NASDAQ:LEDS) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com started coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research report issued to clients and investors on Tuesday. The firm set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Price Performance

NASDAQ:LEDS opened at $1.72 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.25 and a debt-to-equity ratio of 0.47. The firm has a market cap of $12.40 million, a price-to-earnings ratio of -5.21 and a beta of 1.18. The company’s 50-day moving average is $1.60 and its two-hundred day moving average is $1.39. SemiLEDs has a 12-month low of $0.92 and a 12-month high of $2.48.

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%.

Hedge Funds Weigh In On SemiLEDs

An institutional investor recently bought a new position 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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 reporting period. 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.