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

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

SemiLEDs Stock Performance

NASDAQ:LEDS opened at $1.36 on Thursday. The firm’s fifty day simple moving average is $1.35 and its 200 day simple moving average is $1.44. The stock has a market cap of $9.78 million, a P/E ratio of -2.89 and a beta of 1.03. 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 has a twelve month low of $1.01 and a twelve month high of $2.30.

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 firm had revenue of $1.32 million during the quarter.

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.