SemiLEDs Corp. (LEDS) Trading Down 9.5%
SemiLEDs Corp. (NASDAQ:LEDS) was down 9.5% during trading on Friday . The company traded as low as $6.06 and last traded at $6.11, with a volume of 407,985 shares trading hands. The stock had previously closed at $6.75.
The company’s 50 day moving average price is $3.05 and its 200-day moving average price is $2.92. The company’s market capitalization is $18.64 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 business earned $2.40 million during the quarter. On average, equities research analysts anticipate 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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