StockNews.com Initiates Coverage on SemiLEDs (NASDAQ:LEDS)

StockNews.com initiated coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research report released on Wednesday morning. The firm issued a sell rating on the semiconductor company’s stock.

SemiLEDs Stock Up 1.5 %

Shares of LEDS traded up $0.02 during mid-day trading on Wednesday, reaching $1.32. 759 shares of the stock traded hands, compared to its average volume of 38,697. The firm has a market cap of $9.50 million, a price-to-earnings ratio of -2.81 and a beta of 1.03. The stock has a fifty day simple moving average of $1.36 and a 200 day simple moving average of $1.44. SemiLEDs has a 12-month low of $1.01 and a 12-month high of $2.47. The company has a quick ratio of 0.40, a current ratio of 0.94 and a debt-to-equity ratio of 0.35.

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

SemiLEDs Company Profile

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.