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

StockNews.com began coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research report report published on Friday morning. The brokerage issued a sell rating on the semiconductor company’s stock.

SemiLEDs Price Performance

LEDS opened at $1.28 on Friday. The firm has a market cap of $9.19 million, a PE ratio of -2.29 and a beta of 1.04. The stock has a 50-day moving average price of $1.41 and a 200-day moving average price of $1.44. SemiLEDs has a 1 year low of $1.01 and a 1 year high of $2.75. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.97 and a quick ratio of 0.40.

SemiLEDs (NASDAQ:LEDS) last issued its earnings results on Wednesday, April 3rd. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter. SemiLEDs had a negative return on equity of 158.17% and a negative net margin of 49.29%. The firm had revenue of $0.89 million during 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.