SemiLEDs Corp. (LEDS) Sees Large Volume Increase
Shares of SemiLEDs Corp. (NASDAQ:LEDS) saw unusually-strong trading volume on Wednesday . Approximately 1,782,650 shares traded hands during trading, an increase of 32% from the previous session’s volume of 1,353,979 shares.The stock last traded at $6.60 and had previously closed at $8.12.
The firm’s 50 day moving average is $2.75 and its 200-day moving average is $2.87. The stock’s market cap is $19.76 million.
SemiLEDs Corp. (NASDAQ:LEDS) last announced its quarterly earnings results on Tuesday, July 12th. The company reported ($1.06) EPS for the quarter. The company earned $2.40 million during the quarter. Equities research analysts predict 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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