SemiLEDs (NASDAQ:LEDS) Posts Earnings Results

SemiLEDs (NASDAQ:LEDS) issued its quarterly earnings results on Friday. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter, Zacks reports. SemiLEDs had a negative net margin of 39.28% and a negative return on equity of 91.96%.

SemiLEDs Trading Down 5.6 %

LEDS opened at $1.35 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.34. The company’s 50 day moving average price is $1.30 and its two-hundred day moving average price is $1.31. SemiLEDs has a fifty-two week low of $0.92 and a fifty-two week high of $2.29. The firm has a market capitalization of $9.74 million, a price-to-earnings ratio of -3.65 and a beta of 1.08.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of SemiLEDs in a research report on Monday. They set 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.