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 trading hands. The stock had previously closed at $10.15.

The firm has a 50 day moving average of $2.27 and a 200-day moving average of $2.81. The firm’s market capitalization is $20.28 million.

SemiLEDs Corp. (NASDAQ:LEDS) last posted its earnings results on Tuesday, April 12th. The company reported ($0.08) EPS for the quarter. The business had revenue of $2.90 million for the quarter. On average, equities analysts anticipate that SemiLEDs Corp. will post ($0.89) EPS 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.

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