Somewhat Positive Media Coverage Somewhat Unlikely to Affect SemiLEDS (LEDS) Share Price
Media coverage about SemiLEDS (NASDAQ:LEDS) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. SemiLEDS earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 45.7762608560974 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of SemiLEDS (LEDS) traded down $0.60 on Friday, hitting $4.41. 200,200 shares of the stock were exchanged, compared to its average volume of 105,269. SemiLEDS has a 12-month low of $1.61 and a 12-month high of $10.49. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.70 and a current ratio of 1.17.
Separately, ValuEngine raised shares of SemiLEDS from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.
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SemiLEDs Corporation develops, manufactures and sells light emitting diode (LED) chips and LED components. The Company’s products are used primarily for general lighting applications, including street lights and commercial, industrial and residential lighting. Its LED chips may also be used in specialty industrial applications, such as ultraviolet (UV), curing of polymers, LED light therapy in medical/cosmetic applications, counterfeit detection, LED lighting for horticulture applications, architectural lighting and entertainment lighting.
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