SemiLEDs (NASDAQ:LEDS) Research Coverage Started at started coverage on shares of SemiLEDs (NASDAQ:LEDSGet Rating) in a report released on Tuesday morning. The brokerage issued a sell rating on the semiconductor company’s stock.

SemiLEDs Price Performance

Shares of SemiLEDs stock opened at $2.60 on Tuesday. The company’s 50-day moving average price is $2.47 and its two-hundred day moving average price is $2.68. The company has a current ratio of 0.99, a quick ratio of 0.58 and a debt-to-equity ratio of 0.53. The stock has a market cap of $12.56 million, a PE ratio of -4.26 and a beta of 1.17. SemiLEDs has a 52 week low of $2.05 and a 52 week high of $6.87.

Institutional Trading of SemiLEDs

Several institutional investors and hedge funds have recently bought and sold shares of LEDS. Millennium Management LLC acquired a new stake in SemiLEDs during the 2nd quarter worth about $59,000. Bank of America Corp DE acquired a new stake in SemiLEDs during the 1st quarter worth about $59,000. Finally, Citadel Advisors LLC acquired a new stake in SemiLEDs during the 3rd quarter worth about $29,000. Institutional investors and hedge funds own 1.90% of the company’s stock.

SemiLEDs Company Profile

(Get Rating)

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, Ireland, 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 packages and sells its LED chips into LED components to distributors.

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