SemiLEDS (NASDAQ:LEDS) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

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 $2.30 and traded as high as $3.35. SemiLEDS shares last traded at $2.97, with a volume of 47,570 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SemiLEDS in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

SemiLEDS Price Performance

The stock has a market cap of $24.42 million, a price-to-earnings ratio of -37.13 and a beta of 0.96. The company has a 50-day moving average of $2.27 and a 200-day moving average of $2.30. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.33 and a current ratio of 1.01.

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.