SemiLEDS (NASDAQ:LEDS) Shares Pass Above 200 Day Moving Average – Should You Sell?

SemiLEDS Corporation (NASDAQ:LEDS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.69 and traded as high as $1.7254. SemiLEDS shares last traded at $1.50, with a volume of 33,175 shares trading hands.

Wall Street Analysts Forecast Growth

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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SemiLEDS currently has a consensus rating of “Sell”.

SemiLEDS Stock Down 13.3%

The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.55. The stock has a 50 day moving average price of $1.94 and a 200-day moving average price of $1.69. The stock has a market capitalization of $12.39 million, a P/E ratio of -5.36 and a beta of 1.59.

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

SemiLEDS Company Profile

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.