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

Equities research analysts at StockNews.com initiated coverage on shares of SemiLEDs (NASDAQ:LEDS) in a note issued to investors on Sunday. The brokerage set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Stock Performance

Shares of LEDS stock opened at $1.18 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.40 and a current ratio of 0.94. The company has a market capitalization of $8.49 million, a price-to-earnings ratio of -2.51 and a beta of 1.02. SemiLEDs has a 52 week low of $0.92 and a 52 week high of $2.29. The company has a 50-day simple moving average of $1.26 and a 200 day simple moving average of $1.35.

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.