SemiLEDs Receives 'Sell' Rating from Analysts at StockNews.com

Analysts at StockNews.com have initiated coverage on SemiLEDs (NASDAQ:LEDS), a semiconductor company, providing a new research report to their clients and investors. The issued report, coming out on Wednesday, includes a 'sell' recommendation for the company's shares.

Stock Market Debut

The trading of SemiLEDs stock commenced at a price of $1.48 on the said Wednesday. The company has experienced a significant fluctuation in its stock price over the past year, hitting a low of $1.01 and a peak of $3.47. SemiLEDs currently holds a market capitalization of roughly $7.31 million with a PE ratio standing at -2.69 and a beta of 1.15, indicating moderate volatility in comparison to the market at large. The ratios reflect debt at 1.11, a quick ratio of 0.37, and a current ratio of 0.78, signaling liquidity and financial health metrics. The average price over the last fifty days has settled at $1.29, contrasting with a higher 200-day moving average of $1.82.

Earnings Reports and Financial Health

The company's last earnings report was released on Friday, November 10th, posting a quarterly loss of ($0.18) per share, with revenues amounting to $1.45 million for the quarter. SemiLEDs has a troubling net margin of -44.99% and a considerably high negative return on equity amounting to 120.08%.

Investor Interest and Institutional Holdings

In the financial community, certain hedge funds have adjusted their investments in SemiLEDs. Notable movements include Bank of America Corp DE initiating a new position worth approximately $59,000, Millennium Management LLC also entering with an investment similar in value, followed by Citadel Advisors LLC commencing a smaller stake worth about $29,000. Importantly, these moves suggest that institutional investors own a cumulative 0.65% of SemiLEDs' outstanding stock.

About SemiLEDs

SemiLEDs Corporation is actively involved in the development, manufacturing, and selling of LED chips, components, and modules and systems across various international markets, including the US, Taiwan, the Netherlands, Germany, Japan, and more. Additionally, they offer vertical LED product series in different colors and also cater to packagers, distributors, and end-users of lighting devices, providing a broad range of lighting products.

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