SemiLEDS (NASDAQ:LEDS) Stock Passes Above 200-Day Moving Average – What’s Next?

SemiLEDS Corporation (NASDAQ:LEDS) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.74 and traded as high as $2.28. SemiLEDS shares last traded at $2.05, with a volume of 51,199 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings raised SemiLEDS from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, SemiLEDS currently has a consensus rating of “Sell”.

SemiLEDS Trading Down 9.3%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.55 and a current ratio of 0.91. The company has a 50 day moving average of $1.66 and a two-hundred day moving average of $1.74. The stock has a market cap of $16.93 million, a PE ratio of -7.32 and a beta of 1.58.

SemiLEDS (NASDAQ:LEDS) last announced its quarterly earnings results on Tuesday, April 14th. The semiconductor company reported ($0.07) earnings per share for the quarter. SemiLEDS had a negative net margin of 6.71% and a negative return on equity of 89.53%. The business had revenue of $1.06 million during the quarter.

About SemiLEDS

SemiLEDS Corp. is a developer and manufacturer of high-performance light‐emitting diode (LED) solutions serving a range of commercial, industrial and specialty markets. The company designs, packages and sells both white and ultraviolet LED products that are used in applications such as general illumination, horticultural lighting, architectural accent lighting and specialty curing or sterilization processes. SemiLEDS’ product portfolio encompasses single‐die high‐power LEDs, multi‐chip arrays and custom modules tailored to specific customer requirements.

Leveraging in‐house research and development capabilities, SemiLEDS focuses on delivering advanced thermal management, high luminous efficacy and long operational lifetimes in its LED offerings.