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

StockNews.com assumed coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research report released on Wednesday morning. The brokerage issued a sell rating on the semiconductor company’s stock.

SemiLEDs Stock Performance

LEDS stock opened at $2.08 on Wednesday. The stock has a 50-day moving average price of $1.65 and a 200-day moving average price of $1.41. SemiLEDs has a 1-year low of $0.92 and a 1-year high of $2.48. 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 $15.00 million, a PE ratio of -6.30 and a beta of 1.18.

SemiLEDs (NASDAQ:LEDS) last posted its quarterly earnings data on Friday, January 10th. The semiconductor company reported ($0.08) earnings per share for the quarter. SemiLEDs had a negative return on equity of 81.97% and a negative net margin of 41.41%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SemiLEDs stock. Renaissance Technologies LLC boosted its position in SemiLEDs Co. (NASDAQ:LEDS) by 212.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,716 shares of the semiconductor company’s stock after buying an additional 27,016 shares during the period. Renaissance Technologies LLC owned approximately 0.55% of SemiLEDs worth $51,000 at the end of the most recent quarter. 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.