Stocks Trading Down: SemiLEDs Corporation (NASDAQ:LEDS), Entropic Communications, Inc. (NASDAQ:ENTR), Gevo, Inc. (NASDAQ:GEVO)
Northern, WI 05/01/2013 (GDPInsider) – SemiLEDs Corporation (NASDAQ:LEDS) started trading at $1.87 and is 18.81% on a trading volume of 1.26 million. The stock has a range of $1.61 and $1.9947 and is down 55.12% on its 52-week high of $3.85. Despite the sluggish trading however, the stock is up 188.00% on its 52-week low and analysts have set a target price of $2.88 for the stock. LEDS is trading 50.76% above its 50-day moving average and 25.99% above its 20-day moving average. Insiders own 14.27% of the stock whilst institutions own 13.31%. LEDS has a RSI of 59.17 indicating that the stock is neither oversold nor overbought at these levels. There are 27.54 million shares outstanding for the company.
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Entropic Communications, Inc. (NASDAQ:ENTR) is trading down 13.44% having opened the day’s trading at $3.73. The stock has a range of $3.57 and $ 3.90 with volume standing at 1.142 million. The technical chart for the stock shows a southward dip which has prevailed since January 2013. ENTR has a market cap of $378.93 million and the stock has a P/E of 84.80. A more realistic forward P/E of 13.25 is expected and analysts have set a target price of $6.28. 89.37 million shares are outstanding and insiders own 0.22% of the stocks traded in ENTR. Institutions own 77.51% of the stock and account for 2.50% of transactions. Insider transactions account for 55.29% of trading in ENTR.
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Gevo, Inc. (NASDAQ:GEVO) is trading down 8.94% having opened trading at $1.77. The stock had a previous close of $1.85 and the range is $1.5810 and $1.79. The company release its Q1 2013 results on April 30, 2013 to mixed reviews from analysts. GEVO suffered a loss in Q1 2013 on declining revenues of $3.5 million. The decline is significant at 76.46% but adjusted EPS rose to $-0.45 as opposed to the $-0.74 recorded in Q1 2012. The stock is down 16.86% on its 50-day moving average and down 13.07% on its 20-day moving average. Target price for GEVO is $6.25 and the stock has a RSI of 36.36.
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