SemiLEDS (NASDAQ:LEDS) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

SemiLEDS Corporation (NASDAQ:LEDS) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.77 and traded as high as $2.05. SemiLEDS shares last traded at $1.98, with a volume of 5,254 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of SemiLEDS in a research report on Monday, August 3rd. 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 1.0%

The firm has a market cap of $16.54 million, a price-to-earnings ratio of -15.38 and a beta of 1.62. The business’s 50-day moving average is $2.01 and its 200-day moving average is $1.78. 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 quarterly earnings results on Tuesday, July 14th. The semiconductor company reported $0.18 EPS 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%.

Institutional Investors Weigh In On SemiLEDS

A hedge fund recently bought a new stake in SemiLEDS stock. SPX Gestao de Recursos Ltda acquired a new stake in SemiLEDS Corporation (NASDAQ:LEDS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 11,365 shares of the semiconductor company’s stock, valued at approximately $1,666,000. SPX Gestao de Recursos Ltda owned about 0.14% of SemiLEDS as of its most recent filing with the SEC. 76.29% of the stock is owned by hedge funds and other institutional investors.

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.