SemiLEDS (NASDAQ:LEDS) Share Price Breaks Above 200 Day Moving Average – Should You Sell?

SemiLEDS Corporation (NASDAQ:LEDS) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $1.88 and traded as high as $2.38. SemiLEDS shares last traded at $2.2970, with a volume of 6,820 shares traded.

Analyst Upgrades and Downgrades

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

SemiLEDS Trading Up 0.6%

The firm has a 50-day moving average of $2.11 and a two-hundred day moving average of $1.88. The firm has a market capitalization of $19.31 million, a P/E ratio of -17.96 and a beta of 1.49. The company has a current ratio of 1.03, a quick ratio of 0.68 and a debt-to-equity ratio of 0.03.

SemiLEDS (NASDAQ:LEDS) last posted its earnings results on Tuesday, July 14th. The semiconductor company reported $0.18 EPS for the quarter. The firm 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 Corporation (NASDAQ: LEDS) is a semiconductor company focused on the development, manufacture and sale of light-emitting diode (LED) products. Its offerings include LED chips, epitaxial wafers and packaged LED components used by manufacturers and other customers in lighting and display applications.

The company has developed LED technologies based on gallium nitride and related semiconductor materials. Its products are designed for uses such as general illumination, specialty lighting, signage, displays and other applications that require energy-efficient solid-state lighting.

SemiLEDs was founded in 2005 and has operated from Taiwan, with activities centered on LED research, wafer fabrication and product manufacturing.