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

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

SemiLEDs Stock Performance

LEDS stock opened at $1.77 on Friday. SemiLEDs has a twelve month low of $0.92 and a twelve month high of $2.48. The firm has a market cap of $12.77 million, a price-to-earnings ratio of -5.36 and a beta of 1.09. The business’s fifty day simple moving average is $1.51 and its two-hundred day simple moving average is $1.36. The company has a quick ratio of 0.25, a current ratio of 0.77 and a debt-to-equity ratio of 0.47.

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

Institutional Trading of SemiLEDs

An institutional investor recently raised its position in SemiLEDs stock. Renaissance Technologies LLC raised its position in shares of SemiLEDs Co. (NASDAQ:LEDS) by 212.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,716 shares of the semiconductor company’s stock after purchasing an additional 27,016 shares during the period. Renaissance Technologies LLC owned about 0.55% of SemiLEDs worth $51,000 as of its most recent filing with the Securities & Exchange Commission. 76.29% of the stock is currently owned by institutional investors and hedge funds.

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.