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

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

SemiLEDs Stock Down 1.8 %

NASDAQ LEDS opened at $1.39 on Friday. The stock’s 50-day moving average price is $1.51 and its 200-day moving average price is $1.40. The company has a market capitalization of $9.98 million, a P/E ratio of -2.48 and a beta of 1.08. The company has a quick ratio of 0.40, a current ratio of 0.97 and a debt-to-equity ratio of 0.36. SemiLEDs has a 52 week low of $1.01 and a 52 week high of $3.47.

SemiLEDs (NASDAQ:LEDS) last issued its quarterly earnings results on Wednesday, April 3rd. The semiconductor company reported ($0.11) earnings per share 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%.

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.