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

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

SemiLEDs Price Performance

Shares of LEDS opened at $1.18 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.40 and a current ratio of 0.94. SemiLEDs has a 52 week low of $0.92 and a 52 week high of $2.29. The stock has a market capitalization of $8.46 million, a price-to-earnings ratio of -2.50 and a beta of 1.02. The stock has a fifty day moving average of $1.34 and a 200-day moving average of $1.40.

SemiLEDs (NASDAQ:LEDS) last posted its earnings results on Monday, July 8th. The semiconductor company reported ($0.06) EPS for the quarter. The firm 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.