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

Investment analysts at StockNews.com assumed coverage on shares of SemiLEDs (NASDAQ:LEDS) in a report released on Monday. The brokerage set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Trading Down 13.0 %

NASDAQ:LEDS opened at $1.40 on Monday. 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. The business has a 50 day simple moving average of $1.25 and a 200 day simple moving average of $1.34. The firm has a market capitalization of $10.07 million, a P/E ratio of -3.88 and a beta of 1.02.

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.