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

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

SemiLEDs Trading Down 1.5 %

NASDAQ:LEDS opened at $1.23 on Friday. The business’s 50-day moving average is $1.27 and its two-hundred day moving average is $1.36. The firm has a market capitalization of $8.86 million, a PE ratio of -2.62 and a beta of 1.01. SemiLEDs has a 12 month low of $0.92 and a 12 month high of $2.29. 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 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.