SemiLEDS (NASDAQ:LEDS) Shares Cross Above 200 Day Moving Average – What’s Next?

SemiLEDS Corporation (NASDAQ:LEDS)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.70 and traded as high as $1.98. SemiLEDS shares last traded at $1.9450, with a volume of 7,548 shares traded.

Wall Street Analyst Weigh In

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

SemiLEDS Stock Up 4.6%

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 capitalization of $16.07 million, a PE ratio of -6.95 and a beta of 1.59. The business has a 50-day moving average of $1.84 and a 200 day moving average of $1.70.

SemiLEDS (NASDAQ:LEDS) last released its quarterly earnings results on Tuesday, April 14th. The semiconductor company reported ($0.07) earnings per share for the quarter. The firm 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%.

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.