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

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

SemiLEDs Stock Down 4.7 %

LEDS stock opened at $1.42 on Tuesday. The company’s 50 day simple moving average is $1.36 and its 200-day simple moving average is $1.44. The firm has a market capitalization of $10.22 million, a PE ratio of -3.02 and a beta of 1.03. SemiLEDs has a 12 month low of $1.01 and a 12 month high of $2.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.94 and a quick ratio of 0.40.

SemiLEDs (NASDAQ:LEDS) last released its quarterly earnings results on Monday, July 8th. The semiconductor company reported ($0.06) EPS for the quarter. SemiLEDs had a negative net margin of 44.37% and a negative return on equity of 120.86%. The business had revenue of $1.32 million during 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.