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

Research analysts at StockNews.com started coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research note issued to investors on Thursday. The firm set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Price Performance

Shares of NASDAQ:LEDS opened at $1.58 on Thursday. The firm’s 50 day moving average price is $1.52 and its 200-day moving average price is $1.41. SemiLEDs has a twelve month low of $1.01 and a twelve month high of $3.47. The company has a quick ratio of 0.40, a current ratio of 0.97 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $11.38 million, a PE ratio of -2.83 and a beta of 1.07.

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