SemiLEDS (NASDAQ:LEDS) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

SemiLEDS Corporation (NASDAQ:LEDS)’s stock price crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $2.17 and traded as low as $2.06. SemiLEDS shares last traded at $2.1250, with a volume of 8,076 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SemiLEDS in a research note on Friday, October 30th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

SemiLEDS Trading Down 6.8%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.68 and a current ratio of 1.03. The firm has a market cap of $17.57 million, a PE ratio of -16.35 and a beta of 1.57. The stock’s 50 day simple moving average is $2.17 and its 200 day simple moving average is $1.88.

SemiLEDS Company Profile

SemiLEDs Corporation develops, manufactures and sells light-emitting diode (LED) chips and LED components. Its products include blue, green and ultraviolet LED chips, which are used by manufacturers in lighting and other applications. The company’s products serve markets that include general lighting and specialty lighting. Applications may include commercial and industrial lighting, automotive lighting, horticulture and ultraviolet uses. SemiLEDs was founded in 2005 and is based in Hsinchu, Taiwan.