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

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

SemiLEDs Stock Up 0.6 %

Shares of SemiLEDs stock opened at $1.56 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.40 and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $1.53 and a two-hundred day simple moving average of $1.41. SemiLEDs has a one year low of $1.01 and a one year high of $3.47.

SemiLEDs (NASDAQ:LEDS) last issued its quarterly earnings results on Wednesday, April 3rd. The semiconductor company reported ($0.11) earnings per share for the quarter. SemiLEDs had a negative return on equity of 158.17% and a negative net margin of 49.29%. The business had revenue of $0.89 million for the quarter.

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.