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

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

SemiLEDs Price Performance

LEDS opened at $1.28 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.40 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $9.22 million, a P/E ratio of -2.72 and a beta of 1.02. The stock has a 50-day moving average price of $1.23 and a 200-day moving average price of $1.32. SemiLEDs has a 12-month low of $0.92 and a 12-month high of $2.29.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC bought a new stake in shares of SemiLEDs Co. (NASDAQ:LEDS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned about 5.24% of SemiLEDs as of its most recent filing with the Securities and Exchange Commission. 76.29% of the stock is owned by hedge funds and other institutional investors.

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.