SemiLEDS Corporation (NASDAQ:LEDS – Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.81 and traded as high as $2.20. SemiLEDS shares last traded at $2.16, with a volume of 8,831 shares.
Wall Street Analysts Forecast Growth
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, Based on data from MarketBeat, SemiLEDS has a consensus rating of “Sell”.
Read Our Latest Stock Report on SemiLEDS
SemiLEDS Stock Performance
SemiLEDS (NASDAQ:LEDS – Get Free Report) last announced its earnings results on Tuesday, July 14th. The semiconductor company reported $0.18 earnings per share for the quarter. SemiLEDS had a negative return on equity of 43.09% and a negative net margin of 3.92%.The business had revenue of $9.07 million during the quarter.
About SemiLEDS
SemiLEDS Corp. is a developer and manufacturer of high-performance light‐emitting diode (LED) solutions serving a range of commercial, industrial and specialty markets. The company designs, packages and sells both white and ultraviolet LED products that are used in applications such as general illumination, horticultural lighting, architectural accent lighting and specialty curing or sterilization processes. SemiLEDS’ product portfolio encompasses single‐die high‐power LEDs, multi‐chip arrays and custom modules tailored to specific customer requirements.
Leveraging in‐house research and development capabilities, SemiLEDS focuses on delivering advanced thermal management, high luminous efficacy and long operational lifetimes in its LED offerings.
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