SemiLEDS (NASDAQ:LEDS) Shares Pass Above 200-Day Moving Average – Here’s Why

SemiLEDS Corporation (NASDAQ:LEDS) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.73 and traded as high as $2.48. SemiLEDS shares last traded at $2.42, with a volume of 88,429 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of 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, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

SemiLEDS Trading Down 4.0%

The stock has a fifty day moving average of $1.99 and a 200-day moving average of $1.73. The company has a market cap of $20.01 million, a PE ratio of -18.62 and a beta of 1.59. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.68 and a current ratio of 1.03.

SemiLEDS (NASDAQ:LEDS) last released its earnings results on Tuesday, July 14th. The semiconductor company reported $0.18 earnings per share for the quarter. SemiLEDS had a negative return on equity of 43.09% and a negative net margin of 3.92%.The business had revenue of $9.07 million for 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.