SemiLEDS (NASDAQ:LEDS) Share Price Passes Above 200 Day Moving Average – Should You 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 $1.72 and traded as high as $2.09. SemiLEDS shares last traded at $1.88, with a volume of 180,424 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded SemiLEDS from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

SemiLEDS Price Performance

The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $15.03 million, a P/E ratio of -6.50 and a beta of 1.59. The business has a 50 day simple moving average of $1.78 and a 200-day simple moving average of $1.71.

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

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.