StockNews.com Initiates Coverage on SemiLEDs (NASDAQ:LEDS)

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

SemiLEDs Stock Performance

SemiLEDs stock opened at $1.19 on Monday. SemiLEDs has a 1-year low of $0.92 and a 1-year high of $2.29. The firm has a market cap of $8.57 million, a P/E ratio of -2.53 and a beta of 1.02. The company has a current ratio of 0.94, a quick ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average of $1.24 and a 200-day moving average of $1.34.

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.