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

StockNews.com assumed coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research report report published on Monday. The firm issued a sell rating on the semiconductor company’s stock.

SemiLEDs Stock Down 5.6 %

LEDS stock opened at $1.35 on Monday. The stock’s 50 day simple moving average is $1.30 and its 200 day simple moving average is $1.31. The company has a market cap of $9.74 million, a P/E ratio of -3.65 and a beta of 1.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.34 and a current ratio of 0.85. SemiLEDs has a fifty-two week low of $0.92 and a fifty-two week high of $2.29.

Institutional Trading of SemiLEDs

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC acquired a new stake in SemiLEDs Co. (NASDAQ:LEDS) during the third quarter, according to 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 approximately 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.