SemiLEDS (NASDAQ:LEDS) Share Price Passes Above 200 Day Moving Average – What’s Next?

SemiLEDS Corporation (NASDAQ:LEDS) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.70 and traded as high as $1.98. SemiLEDS shares last traded at $1.9450, with a volume of 7,548 shares changing hands.

Wall Street Analysts Forecast Growth

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 analyst has rated the stock with a Sell rating, According to data from MarketBeat, SemiLEDS currently has a consensus rating of “Sell”.

SemiLEDS Price Performance

The firm has a market capitalization of $16.07 million, a price-to-earnings ratio of -6.95 and a beta of 1.59. The company’s 50 day moving average is $1.86 and its 200-day moving average is $1.70. The company has a current ratio of 0.91, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13.

SemiLEDS (NASDAQ:LEDS) last posted its quarterly earnings results on Tuesday, April 14th. The semiconductor company reported ($0.07) EPS for the quarter. The business had revenue of $1.06 million for the quarter. SemiLEDS had a negative return on equity of 89.53% and a negative net margin of 6.71%.

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.