SemiLEDs (NASDAQ:LEDS – Get Free Report) posted its quarterly earnings results on Friday. The semiconductor company reported ($0.08) earnings per share for the quarter, Zacks reports. SemiLEDs had a negative return on equity of 91.96% and a negative net margin of 39.28%.
SemiLEDs Stock Down 5.6 %
Shares of LEDS opened at $1.35 on Friday. The business’s 50 day moving average is $1.30 and its 200 day moving average is $1.31. The company has a current ratio of 0.85, a quick ratio of 0.34 and a debt-to-equity ratio of 0.39. SemiLEDs has a 12-month low of $0.92 and a 12-month high of $2.29. The company has a market capitalization of $9.74 million, a PE ratio of -3.65 and a beta of 1.08.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on shares of SemiLEDs in a report on Monday. They issued a “sell” rating for the company.
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.
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