SemiLEDs (NASDAQ:LEDS) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

SemiLEDs Co. (NASDAQ:LEDS) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.35 and traded as high as $1.85. SemiLEDs shares last traded at $1.71, with a volume of 28,505 shares traded.

Analysts Set New Price Targets

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

SemiLEDs Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 0.77 and a quick ratio of 0.25. The stock has a 50-day simple moving average of $1.47 and a 200 day simple moving average of $1.35.

SemiLEDs (NASDAQ:LEDS) last announced its quarterly earnings data on Friday, January 10th. The semiconductor company reported ($0.08) EPS for the quarter. SemiLEDs had a negative net margin of 41.41% and a negative return on equity of 81.97%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SemiLEDs stock. Renaissance Technologies LLC lifted its stake in SemiLEDs Co. (NASDAQ:LEDS) by 212.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,716 shares of the semiconductor company’s stock after purchasing an additional 27,016 shares during the period. Renaissance Technologies LLC owned 0.55% of SemiLEDs worth $51,000 at the end of the most recent quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

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.