SemiLEDS (NASDAQ:LEDS) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

SemiLEDS Corporation (NASDAQ:LEDS)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.69 and traded as high as $2.71. SemiLEDS shares last traded at $2.57, with a volume of 3,123,716 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of SemiLEDS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SemiLEDS presently has an average rating of “Sell”.

SemiLEDS Trading Up 22.9%

The stock has a market capitalization of $24.89 million, a PE ratio of -23.15 and a beta of 1.59. The firm has a 50 day moving average price of $1.96 and a 200 day moving average price of $1.70. The company has a quick ratio of 0.55, a current ratio of 1.03 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 earnings per share for the quarter. The company had revenue of $9.07 million for the quarter. SemiLEDS had a negative return on equity of 43.09% and a negative net margin of 3.92%.

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.