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

Equities researchers at 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 Stock Performance

NASDAQ LEDS opened at $1.28 on Friday. The stock has a market cap of $9.18 million, a price-to-earnings ratio of -2.29 and a beta of 1.04. The business has a fifty day moving average of $1.41 and a 200-day moving average of $1.44. SemiLEDs has a fifty-two week low of $1.01 and a fifty-two week high of $2.75. 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 (NASDAQ:LEDS) last released its earnings results on Wednesday, April 3rd. The semiconductor company reported ($0.11) EPS for the quarter. The business had revenue of $0.89 million during the quarter. SemiLEDs had a negative net margin of 49.29% and a negative return on equity of 158.17%.

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.