Stocks Trading Down: SemiLEDs Corporation (NASDAQ:LEDS), Entropic Communications, Inc. (NASDAQ:ENTR), Gevo, Inc. (NASDAQ:GEVO)

Posted by Chris Bell May 1, 2013 0 Comment 738 views

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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About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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