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

StockNews.com assumed coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research report sent to investors on Monday. The firm issued a sell rating on the semiconductor company’s stock.

SemiLEDs Price Performance

Shares of NASDAQ LEDS opened at $1.42 on Monday. SemiLEDs has a fifty-two week low of $0.92 and a fifty-two week high of $2.29. The company has a market cap of $10.24 million, a PE ratio of -3.84 and a beta of 1.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.34 and a current ratio of 0.85. The business has a 50-day simple moving average of $1.29 and a two-hundred day simple moving average of $1.30.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC purchased a new position in shares of SemiLEDs Co. (NASDAQ:LEDS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 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 as of its most recent filing with the Securities and Exchange Commission. 76.29% of the stock is currently owned by institutional investors and hedge funds.

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.