SemiLEDs (NASDAQ:LEDS) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

SemiLEDs Co. (NASDAQ:LEDS)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.34 and traded as high as $1.60. SemiLEDs shares last traded at $1.58, with a volume of 22,799 shares.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on SemiLEDs in a research report on Friday. They set a “sell” rating for the company.

SemiLEDs Stock Performance

The firm has a market cap of $11.32 million, a PE ratio of -4.76 and a beta of 1.09. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.77 and a quick ratio of 0.25. The stock has a 50-day moving average price of $1.43 and a 200 day moving average price of $1.34.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC purchased a new stake in shares of SemiLEDs Co. (NASDAQ:LEDS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned approximately 5.23% of SemiLEDs as of its most recent SEC filing. 76.29% of the stock is owned by hedge funds and other institutional investors.

About SemiLEDs

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.