SemiLEDs Co. (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 $1.44 and traded as high as $1.44. SemiLEDs shares last traded at $1.35, with a volume of 22,265 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on shares of SemiLEDs in a research note on Saturday. They set a “sell” rating for the company.
Check Out Our Latest Research Report on LEDS
SemiLEDs Stock Up 2.3 %
SemiLEDs (NASDAQ:LEDS – Get Free Report) last released its quarterly earnings data on Monday, July 8th. The semiconductor company reported ($0.06) EPS for the quarter. SemiLEDs had a negative return on equity of 120.86% and a negative net margin of 44.37%. The business had revenue of $1.32 million for the quarter.
About SemiLEDs
SemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips, LED components, and LED modules and systems in the United States, Taiwan, the Netherlands, Germany, Japan, and internationally. The company also sells enhanced vertical, LED product series in blue, white, green, and UV; LED chips to packagers or distributors; and lighting products primarily to original design manufacturers of lighting products and the end-users of lighting devices, as well as packs and sells its LED chips.
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