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

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

SemiLEDs Stock Performance

Shares of NASDAQ LEDS opened at $1.24 on Friday. SemiLEDs has a 1 year low of $0.92 and a 1 year high of $2.29. 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’s fifty day moving average price is $1.28 and its 200 day moving average price is $1.37. The company has a market capitalization of $8.90 million, a PE ratio of -2.63 and a beta of 1.01.

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.