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

Analysts at StockNews.com began coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research note issued on Thursday. The firm set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Stock Up 0.5 %

Shares of LEDS stock opened at $1.26 on Thursday. The stock’s 50 day simple moving average is $1.30 and its 200 day simple moving average is $1.39. 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 twelve month low of $0.92 and a twelve month high of $2.29. The company has a market capitalization of $9.04 million, a price-to-earnings ratio of -2.67 and a beta of 1.01.

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.