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

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

SemiLEDs Stock Performance

LEDS stock opened at $1.28 on Friday. 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 business’s fifty day simple moving average is $1.41 and its two-hundred day simple moving average is $1.44. SemiLEDs has a twelve month low of $1.01 and a twelve month high of $2.75. The firm has a market cap of $9.18 million, a price-to-earnings ratio of -2.29 and a beta of 1.04.

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

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.