SemiLEDs (NASDAQ:LEDS) Shares Cross Above 200-Day Moving Average – Should You Sell?

Shares of 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 changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of SemiLEDs in a research report on Saturday. They issued a “sell” rating for the company.

SemiLEDs Stock Down 2.8 %

The firm has a market cap of $12.33 million, a price-to-earnings ratio of -5.18 and a beta of 1.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.25 and a current ratio of 0.77. The business’s 50 day moving average price is $1.46 and its 200 day moving average price is $1.35.

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

Institutional Trading of SemiLEDs

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC bought a new position in shares of SemiLEDs Co. (NASDAQ:LEDS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned about 5.23% of SemiLEDs as of its most recent SEC filing. 76.29% of the stock is currently 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.