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

Posted by Michael Baxter on Dec 22nd, 2024

Shares of SemiLEDs Co. (NASDAQ:LEDS – Get Free Report) passed 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.

Analysts Set New Price Targets

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

View Our Latest Analysis on LEDS

SemiLEDs Stock Performance

The stock has a fifty day simple moving average of $1.27 and a two-hundred day simple 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 cap 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 SemiLEDs Co. (NASDAQ:LEDS – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 at the end of the most recent reporting period. 76.29% of the stock is currently owned by institutional investors.

About SemiLEDs

(Get Free Report)

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.