SemiLEDS (NASDAQ:LEDS) Stock Passes Above 200-Day Moving Average – Time to Sell?

Shares of SemiLEDS Corporation (NASDAQ:LEDS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.69 and traded as high as $1.7254. SemiLEDS shares last traded at $1.50, with a volume of 33,175 shares trading hands.

Analyst Upgrades and Downgrades

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

SemiLEDS Stock Down 13.3%

The company has a current ratio of 0.91, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $12.39 million, a P/E ratio of -5.36 and a beta of 1.59. The company’s fifty day simple moving average is $1.94 and its 200 day simple moving average is $1.69.

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

SemiLEDS Company Profile

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.