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

StockNews.com assumed coverage on shares of SemiLEDs (NASDAQ:LEDS) in a report issued on Friday. The firm set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Trading Down 2.6 %

NASDAQ LEDS opened at $1.52 on Friday. 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. The business has a 50 day moving average price of $1.53 and a 200-day moving average price of $1.40. The company has a market cap of $10.91 million, a price-to-earnings ratio of -2.71 and a beta of 1.08.

SemiLEDs (NASDAQ:LEDS) last announced 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 for 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.