SemiLEDS (NASDAQ:LEDS) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

SemiLEDS Corporation (NASDAQ:LEDS)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded SemiLEDS from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. One equities research 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 4.0%

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.03 and a quick ratio of 0.68. The company’s 50-day simple moving average is $1.99 and its 200 day simple moving average is $1.73. The firm has a market cap of $20.01 million, a P/E ratio of -18.62 and a beta of 1.59.

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

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.