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

Equities researchers at StockNews.com initiated coverage on shares of SemiLEDs (NASDAQ:LEDS) in a report released on Wednesday. The brokerage set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Stock Performance

LEDS stock opened at $1.65 on Wednesday. SemiLEDs has a 1 year low of $0.92 and a 1 year high of $2.48. The stock’s fifty day moving average price is $1.36 and its 200-day moving average price is $1.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.77 and a quick ratio of 0.25. The company has a market cap of $11.90 million, a P/E ratio of -5.00 and a beta of 1.08.

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

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) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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 as of its most recent SEC filing. 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.