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

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

SemiLEDs Price Performance

LEDS stock opened at $1.32 on Wednesday. The firm has a 50 day simple moving average of $1.36 and a two-hundred day simple moving average of $1.44. The stock has a market cap of $9.50 million, a PE ratio of -2.81 and a beta of 1.03. SemiLEDs has a one year low of $1.01 and a one year high of $2.47. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.94 and a quick ratio of 0.40.

SemiLEDs (NASDAQ:LEDS) last announced its earnings results on Monday, July 8th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter. SemiLEDs had a negative return on equity of 120.86% and a negative net margin of 44.37%. The company 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.