StockNews.com Begins Tracking SemiLEDs with 'Sell' Rating

StockNews.com's investment analysts have recently initiated coverage on SemiLEDs, a company that trades under the NASDAQ symbol LEDS. On Saturday, they released a report that accompanies the commencement of their coverage, in which they have assigned a 'sell' rating to the semiconductor company’s stock.

SemiLEDs Trading Up 1.0%

Shares of SemiLEDs opened trading at $1.50 on Friday. With a market capitalization standing at $7.45 million, SemiLEDs presents a negative P/E ratio of -2.68 and a beta score of 1.09. The company's stock has a 50-day moving average of $1.44 and a 200-day moving average of $1.46. The 52-week trading window saw SemiLEDs stock dipping as low as $1.01 and peaking at $3.47. Key financial ratios indicate a quick ratio of 0.35 and a current ratio of 0.74, accompanied by a debt-to-equity ratio reaching 1.65.

The latest quarterly earnings report from SemiLEDs, published on January 12th, revealed a ($0.12) loss per share for the quarter. Revenue was recorded at $1.65 million. The company's financial health has been challenged as it noted a negative net margin of 46.78% and a negative return on equity of 166.93%.

Institutional Interest in SemiLEDs

There has been noteworthy activity by hedge funds and other institutional investors regarding their positions in LEDS. In recent times, Millennium Management LLC established a new position in SemiLEDs, valued at approximately $59,000. Similarly, Bank of America Corp DE took on a new stake worth $59,000 in the first quarter. Citadel Advisors LLC followed suit, creating a fresh stake in the third quarter with an investment of $29,000. Collectively, institutional investors hold about 0.65% of the firm's equity.

About SemiLEDs

SemiLEDs Corporation has its hands in the development, production, and sale of LED chips, components, modules, and systems, with operations spanning the United States, Taiwan, the Netherlands, Germany, Japan, among other international markets. In addition to offering blue, white, green, and UV-enhanced vertical LED product series, it also provides LED chips to packagers or distributors. Moreover, the company caters to the needs of original design manufacturers of lighting products and end-users with its lighting solutions.

StockNews, SemiLEDs, LEDS