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

StockNews.com started coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research note issued to investors on Saturday. The firm issued a sell rating on the semiconductor company’s stock.

SemiLEDs Price Performance

Shares of LEDS opened at $1.32 on Friday. The company has a market cap of $9.50 million, a price-to-earnings ratio of -2.81 and a beta of 1.03. SemiLEDs has a 1-year low of $1.01 and a 1-year high of $2.29. The company’s fifty day simple moving average is $1.36 and its 200 day simple moving average is $1.44. The company has a current ratio of 0.94, a quick ratio of 0.40 and a debt-to-equity ratio of 0.35.

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. The business had revenue of $1.32 million during the quarter. SemiLEDs had a negative net margin of 44.37% and a negative return on equity of 120.86%.

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.