SemiLEDs (NASDAQ:LEDS) Stock Passes Above 200-Day Moving Average of $3.00

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Shares of SemiLEDs Co. (NASDAQ:LEDS) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.00 and traded as high as $2.60. SemiLEDs shares last traded at $2.49, with a volume of 700 shares traded.

Separately, ValuEngine raised SemiLEDs from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th.

The business has a 50-day moving average of $2.43 and a 200 day moving average of $3.00. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.09 and a quick ratio of 0.56.

SemiLEDs (NASDAQ:LEDS) last issued its earnings results on Wednesday, July 10th. The semiconductor company reported ($0.24) EPS for the quarter. SemiLEDs had a negative net margin of 60.58% and a negative return on equity of 99.88%. The firm had revenue of $1.75 million during the quarter.

SemiLEDs Company Profile (NASDAQ:LEDS)

SemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips and LED components in the United States, Taiwan, the Netherlands, France, China, Germany, Hong Kong, and internationally. The company's products are used for general lighting applications, including street lights and commercial, industrial, system and residential lighting.

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