SemiLEDs (NASDAQ:LEDS) Releases Quarterly Earnings Results

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

SemiLEDs Stock Performance

LEDS opened at $1.32 on Friday. The firm has a market capitalization of $9.52 million, a P/E ratio of -3.57 and a beta of 1.08. The stock’s 50 day moving average price is $1.31 and its two-hundred day moving average price is $1.31. The company has a quick ratio of 0.34, a current ratio of 0.85 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.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on SemiLEDs in a research note on Monday, January 6th. They issued a “sell” rating for the company.

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.