SemiLEDs (NASDAQ:LEDS) Stock Price Passes Above 200 Day Moving Average of $1.41

SemiLEDs Co. (NASDAQ:LEDS) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.41 and traded as high as $1.63. SemiLEDs shares last traded at $1.55, with a volume of 8,911 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on SemiLEDs in a research report on Thursday. They set a “sell” rating on the stock.

SemiLEDs Stock Down 1.9 %

The firm has a market capitalization of $11.13 million, a price-to-earnings ratio of -2.77 and a beta of 1.07. The business has a 50 day moving average of $1.52 and a 200 day moving average of $1.41. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.97 and a quick ratio of 0.40.

SemiLEDs (NASDAQ:LEDS) last released its quarterly earnings data on Wednesday, April 3rd. The semiconductor company reported ($0.11) EPS for the quarter. SemiLEDs had a negative return on equity of 158.17% and a negative net margin of 49.29%. The business had revenue of $0.89 million for the quarter.

SemiLEDs Company Profile

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.