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

StockNews.com assumed coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research note published on Sunday morning. The firm issued a sell rating on the semiconductor company’s stock.

SemiLEDs Price Performance

Shares of LEDS stock opened at $1.12 on Friday. The stock has a 50-day moving average price of $1.25 and a 200 day moving average price of $1.34. The company has a quick ratio of 0.40, a current ratio of 0.94 and a debt-to-equity ratio of 0.35. The firm has a market cap of $8.06 million, a price-to-earnings ratio of -2.38 and a beta of 1.02. SemiLEDs has a 12 month low of $0.92 and a 12 month high of $2.29.

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.