SemiLEDS (NASDAQ:LEDS) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

SemiLEDS Corporation (NASDAQ:LEDSGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.72 and traded as high as $2.09. SemiLEDS shares last traded at $1.88, with a volume of 180,424 shares trading hands.

Wall Street Analyst Weigh In

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

Read Our Latest Analysis on SemiLEDS

SemiLEDS Trading Up 0.5%

The company has a current ratio of 0.91, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $1.75 and a 200-day simple moving average of $1.72. The company has a market capitalization of $15.53 million, a PE ratio of -6.71 and a beta of 1.59.

SemiLEDS (NASDAQ:LEDSGet Free Report) last posted 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 firm had revenue of $1.06 million during the quarter.

SemiLEDS Company Profile

(Get Free Report)

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.

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