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

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

SemiLEDs Stock Performance

SemiLEDs stock opened at $1.58 on Thursday. The firm’s fifty day moving average price is $1.52 and its 200 day moving average price is $1.40. The company has a market capitalization of $11.37 million, a price-to-earnings ratio of -2.83 and a beta of 1.07. SemiLEDs has a 12-month low of $1.01 and a 12-month high of $3.47. 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 posted its quarterly earnings results on Wednesday, April 3rd. The semiconductor company reported ($0.11) EPS for the quarter. SemiLEDs had a negative net margin of 49.29% and a negative return on equity of 158.17%. 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.