SemiLEDS (NASDAQ:LEDS) Shares Break Above Two Hundred Day Moving Average – Here’s What Happened

Shares of SemiLEDS Corporation (NASDAQ:LEDS) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $1.92 and traded as high as $2.42. SemiLEDS shares last traded at $2.29, with a volume of 19,223 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of SemiLEDS in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

SemiLEDS Stock Down 2.6%

The stock’s 50-day simple moving average is $2.16 and its 200 day simple moving average is $1.92. The firm has a market cap of $18.45 million, a P/E ratio of -17.15 and a beta of 1.49. The company has a quick ratio of 0.68, a current ratio of 1.03 and a debt-to-equity ratio of 0.03.

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

About SemiLEDS

SemiLEDs Corporation (NASDAQ: LEDS) is a Taiwan-based semiconductor company that develops, manufactures and sells light-emitting diode (LED) chips and LED components. Its products are designed for applications that require solid-state lighting and optoelectronic performance.

The company’s product portfolio has included high-brightness LED chips and related components, with offerings intended for general illumination, specialty lighting, automotive lighting, displays and other applications.