SemiLEDs (NASDAQ:LEDS) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research report issued to clients and investors on Monday. The firm set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Price Performance

Shares of NASDAQ LEDS opened at $1.30 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.94 and a quick ratio of 0.40. The stock has a fifty day moving average price of $1.38 and a 200 day moving average price of $1.42. SemiLEDs has a 1-year low of $1.01 and a 1-year high of $2.29. The company has a market cap of $9.35 million, a PE ratio of -2.77 and a beta of 1.02.

SemiLEDs (NASDAQ:LEDS) last issued its quarterly earnings results on Monday, July 8th. The semiconductor company reported ($0.06) earnings per share for the quarter. SemiLEDs had a negative return on equity of 120.86% and a negative net margin of 44.37%. The company had revenue of $1.32 million for the quarter.

About SemiLEDs

SemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips, LED components, and LED modules and systems in the United States, Taiwan, the Netherlands, Germany, Japan, and internationally. The company also sells enhanced vertical, LED product series in blue, white, green, and UV; LED chips to packagers or distributors; and lighting products primarily to original design manufacturers of lighting products and the end-users of lighting devices, as well as packs and sells its LED chips.