SemiLEDS Corporation (NASDAQ:LEDS – Get Free Report)’s stock price passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $1.84 and traded as high as $2.41. SemiLEDS shares last traded at $2.40, with a volume of 81,268 shares changing hands.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SemiLEDS in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.
Get Our Latest Analysis on LEDS
SemiLEDS Stock Performance
SemiLEDS (NASDAQ:LEDS – Get Free Report) last issued its earnings results on Tuesday, July 14th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $9.07 million for the quarter. SemiLEDS had a negative return on equity of 43.09% and a negative net margin of 3.92%.
About SemiLEDS
SemiLEDs Corporation (NASDAQ: LEDS) is a semiconductor company focused on the development, manufacture and sale of light-emitting diode (LED) products. Its offerings include LED chips, epitaxial wafers and packaged LED components used by manufacturers and other customers in lighting and display applications.
The company has developed LED technologies based on gallium nitride and related semiconductor materials. Its products are designed for uses such as general illumination, specialty lighting, signage, displays and other applications that require energy-efficient solid-state lighting.
SemiLEDs was founded in 2005 and has operated from Taiwan, with activities centered on LED research, wafer fabrication and product manufacturing.
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