SemiLEDs (NASDAQ:LEDS) Downgraded by ValuEngine

SemiLEDs (NASDAQ:LEDS) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday, ValuEngine reports.

LEDS stock traded down $0.13 during mid-day trading on Thursday, hitting $2.82. 254,256 shares of the company were exchanged, compared to its average volume of 583,229. The firm has a fifty day simple moving average of $2.04 and a 200 day simple moving average of $2.09. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 1.95. SemiLEDs has a twelve month low of $1.03 and a twelve month high of $4.10. The company has a market capitalization of $11.13 million, a PE ratio of -5.64 and a beta of 1.87.

SemiLEDs (NASDAQ:LEDS) last posted its quarterly earnings results on Thursday, April 9th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter. SemiLEDs had a negative net margin of 26.70% and a negative return on equity of 82.21%. The company had revenue of $1.54 million for the quarter.

A hedge fund recently bought a new stake in SemiLEDs stock. Barclays PLC acquired a new stake in SemiLEDs Co. (NASDAQ:LEDS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 22,553 shares of the semiconductor company’s stock, valued at approximately $45,000. Barclays PLC owned about 0.63% of SemiLEDs as of its most recent SEC filing. 0.93% of the stock is currently owned by institutional investors and hedge funds.

About SemiLEDs

SemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips and LED components in the United States, Taiwan, the Netherlands, France, China, Germany, Hong Kong, and internationally. The company's products are used for general lighting applications, including street lights and commercial, industrial, system and residential lighting.

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