SemiLEDS (NASDAQ:LEDS) Share Price Crosses Above 200 Day Moving Average – Here’s Why

by · The Cerbat Gem

Shares of SemiLEDS Corporation (NASDAQ:LEDS – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.74 and traded as high as $2.41. SemiLEDS shares last traded at $2.13, with a volume of 209,382 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of SemiLEDS from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

View Our Latest Stock Report on SemiLEDS

SemiLEDS Price Performance

The stock has a market capitalization of $17.62 million, a price-to-earnings ratio of -16.38 and a beta of 1.59. The company has a quick ratio of 0.68, a current ratio of 1.03 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $1.97 and a two-hundred day simple moving average of $1.74.

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

About SemiLEDS

(Get Free Report)

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.

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