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

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

SemiLEDs Price Performance

SemiLEDs stock opened at $1.25 on Friday. The company has a 50 day moving average of $1.27 and a 200-day moving average of $1.37. 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 $0.92 and a twelve month high of $2.29. The stock has a market capitalization of $9 million, a PE ratio of -2.66 and a beta of 1.01.

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.