SemiLEDS (NASDAQ:LEDS) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

SemiLEDS Corporation (NASDAQ:LEDS) crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $2.12 and traded as high as $2.32. SemiLEDS shares last traded at $2.13, with a volume of 27,324 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of SemiLEDS in a report on Friday. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

SemiLEDS Stock Up 8.7%

The firm has a market capitalization of $17.62 million, a PE ratio of -16.38 and a beta of 1.57. The business’s 50 day simple moving average is $2.12 and its 200 day simple moving average is $1.86. The company has a current ratio of 1.03, a quick ratio of 0.68 and a debt-to-equity ratio of 0.03.

SemiLEDS Company Profile

SemiLEDs Corporation (NASDAQ: LEDS) develops, manufactures and sells light-emitting diode (LED) chips and related products. The company’s offerings are based on semiconductor technologies designed to convert electrical energy into light and have applications in general illumination, specialty lighting and other display or signaling uses.

SemiLEDs has focused on high-brightness LED products, including chips that produce visible and ultraviolet light. Its operations have also included the development and manufacture of LED epitaxial wafers and chips, which are key components used by lighting and electronics manufacturers.

The company is headquartered in Hsinchu, Taiwan, and has historically served customers in Taiwan and international markets through direct sales and distribution relationships.