SemiLEDS (NASDAQ:LEDS) Shares Cross Above 200-Day Moving Average – Here’s Why

SemiLEDS Corporation (NASDAQ:LEDS) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.74 and traded as high as $2.28. SemiLEDS shares last traded at $2.14, with a volume of 80,997 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of SemiLEDS in a report on Monday, August 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

SemiLEDS Stock Up 13.7%

The business’s 50 day moving average is $1.96 and its 200 day moving average is $1.75. The company has a market capitalization of $19.93 million, a price-to-earnings ratio of -18.54 and a beta of 1.62. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.68 and a current ratio of 1.03.

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

Hedge Funds Weigh In On SemiLEDS

An institutional investor recently bought a new position in SemiLEDS stock. Great Lakes Advisors LLC purchased a new stake in shares of SemiLEDS Corporation (NASDAQ:LEDS) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,251 shares of the semiconductor company’s stock, valued at approximately $366,000. Great Lakes Advisors LLC owned about 0.06% of SemiLEDS as of its most recent filing with the SEC. 76.29% of the stock is owned by institutional investors.

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.