SemiLEDs (NASDAQ:LEDS) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

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 $1.31 and traded as high as $1.34. SemiLEDs shares last traded at $1.32, with a volume of 11,590 shares changing hands.

Wall Street Analyst Weigh In

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

SemiLEDs Stock Down 1.5 %

The business has a 50-day moving average of $1.27 and a 200-day moving average of $1.31. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.34 and a current ratio of 0.85. The stock has a market capitalization of $9.52 million, a price-to-earnings ratio of -3.57 and a beta of 1.06.

Institutional Investors Weigh In On SemiLEDs

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC bought a new stake in shares of SemiLEDs Co. (NASDAQ:LEDS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned 5.23% of SemiLEDs at the end of the most recent reporting period. 76.29% of the stock is currently owned by 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.