SemiLEDS (NASDAQ:LEDS) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

SemiLEDS Corporation (NASDAQ:LEDS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.79 and traded as high as $1.97. SemiLEDS shares last traded at $1.97, with a volume of 9,814 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SemiLEDS in a report on Monday, August 3rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SemiLEDS presently has a consensus rating of “Sell”.

SemiLEDS Trading Up 4.8%

The company has a market cap of $16.30 million, a PE ratio of -15.15 and a beta of 1.58. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.68 and a current ratio of 1.03. The company has a 50 day simple moving average of $2.03 and a two-hundred day simple moving average of $1.79.

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

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.