SemiLEDs (NASDAQ:LEDS) Earns Sell Rating from Analysts at StockNews.com

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

SemiLEDs Stock Performance

NASDAQ:LEDS opened at $1.91 on Friday. SemiLEDs has a twelve month low of $0.92 and a twelve month high of $2.94. The firm has a market capitalization of $13.77 million, a price-to-earnings ratio of -5.79 and a beta of 0.96. 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’s fifty day simple moving average is $1.91 and its 200 day simple moving average is $1.54.

SemiLEDs (NASDAQ:LEDS) last issued its quarterly earnings data on Thursday, April 10th. The semiconductor company reported $0.05 EPS for the quarter. SemiLEDs had a negative return on equity of 81.97% and a negative net margin of 41.41%. The company had revenue of $10.87 million for the quarter.

Institutional Trading of SemiLEDs

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC bought a new stake in SemiLEDs Co. (NASDAQ:LEDS) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 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.