SemiLEDS (NASDAQ:LEDS) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

SemiLEDS Corporation (NASDAQ:LEDS) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.76 and traded as high as $2.30. SemiLEDS shares last traded at $2.24, with a volume of 28,585 shares.

Wall Street Analyst Weigh In

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

SemiLEDS Stock Performance

The company has a market capitalization of $15.80 million, a price-to-earnings ratio of -14.69 and a beta of 1.62. The stock has a fifty day moving average price of $2.01 and a two-hundred day moving average price of $1.76. The company has a quick ratio of 0.68, a current ratio of 1.03 and a debt-to-equity ratio of 0.03.

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

Institutional Trading of SemiLEDS

A hedge fund recently bought a new stake in SemiLEDS stock. Great Lakes Advisors LLC purchased a new stake in SemiLEDS Corporation (NASDAQ:LEDS) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 8,317 shares of the semiconductor company’s stock, valued at approximately $2,223,000. Great Lakes Advisors LLC owned about 0.10% of SemiLEDS as of its most recent SEC filing. 76.29% of the stock is owned by institutional investors.

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.