SemiLEDs Corp. (NASDAQ:LEDS)’s share price shot up 32.7% during mid-day trading on Tuesday . The stock traded as high as $8.66 and last traded at $8.04, with a volume of 4,058,606 shares traded. The stock had previously closed at $6.06.

The stock has a 50-day moving average of $2.75 and a 200-day moving average of $2.87. The firm’s market cap is $19.76 million.

SemiLEDs Corp. (NASDAQ:LEDS) last posted its quarterly earnings data on Tuesday, July 12th. The company reported ($1.06) EPS for the quarter. The company had revenue of $2.40 million for the quarter. On average, equities analysts forecast 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.

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