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

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

SemiLEDs Stock Performance

LEDS opened at $1.29 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.40 and a current ratio of 0.94. The stock has a market capitalization of $9.28 million, a price-to-earnings ratio of -3.49 and a beta of 1.02. The company has a fifty day moving average of $1.23 and a 200 day moving average of $1.32. SemiLEDs has a fifty-two week low of $0.92 and a fifty-two week high of $2.29.

Hedge Funds Weigh In On 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 third quarter, according to its most recent Form 13F filing with the Securities & 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 approximately 5.24% of SemiLEDs as of its most recent filing with the Securities & Exchange Commission. 76.29% of the stock is owned by institutional investors.

About SemiLEDs

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.