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

Research analysts at StockNews.com began coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research report issued on Saturday. The firm set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Price Performance

Shares of NASDAQ:LEDS opened at $1.32 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.34. The stock has a market capitalization of $9.52 million, a P/E ratio of -3.57 and a beta of 1.06. The business has a 50-day moving average of $1.27 and a two-hundred day moving average of $1.31. SemiLEDs has a fifty-two week low of $0.92 and a fifty-two week high of $2.29.

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 position in SemiLEDs Co. (NASDAQ:LEDS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned about 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.

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.