SemiLEDS (NASDAQ:LEDS) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

SemiLEDS Corporation (NASDAQ:LEDS) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.69 and traded as high as $2.71. SemiLEDS shares last traded at $2.57, with a volume of 3,123,716 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded 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 data from MarketBeat, the company presently has a consensus rating of “Sell”.

SemiLEDS Stock Up 14.7%

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 company has a market cap of $21.23 million, a P/E ratio of -19.77 and a beta of 1.59. The stock has a 50-day moving average of $1.95 and a 200 day moving average of $1.69.

SemiLEDS (NASDAQ:LEDS) last posted its quarterly earnings results on Tuesday, July 14th. The semiconductor company reported $0.18 EPS for the quarter. SemiLEDS had a negative return on equity of 47.98% and a negative net margin of 3.92%.The business had revenue of $9.07 million during the quarter.

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.