SemiLEDs Corp. (NASDAQ:LEDS) dropped 12.9% during mid-day trading on Friday . The stock traded as low as $8.57 and last traded at $8.84, with a volume of 2,947,141 shares. The stock had previously closed at $10.15.

The stock’s market cap is $20.28 million. The stock has a 50 day moving average of $2.11 and a 200-day moving average of $2.79.

SemiLEDs Corp. (NASDAQ:LEDS) last announced its quarterly earnings results on Tuesday, April 12th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $2.90 million for the quarter. Equities analysts predict that SemiLEDs Corp. will post ($0.89) earnings per share for the current fiscal year.

SemiLEDs Corporation develops, manufactures and sells light emitting diode (LED) chips and LED components. The Company’s products are used primarily for general lighting applications, including street lights and commercial, industrial and residential lighting. Its LED chips are also used in specialty industrial applications, such as ultraviolet (UV), curing of polymers, LED light therapy in medical/cosmetic applications, counterfeit detection, LED lighting for horticulture applications, architectural lighting and entertainment lighting.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.