SemiLEDs Corp. (LEDS) Shares Down 4.8%
SemiLEDs Corp. (NASDAQ:LEDS) dropped 4.8% during mid-day trading on Thursday . The company traded as low as $6.50 and last traded at $6.52, with a volume of 416,531 shares changing hands. The stock had previously closed at $6.85.
The firm’s market capitalization is $19.17 million. The stock’s 50 day moving average price is $3.60 and its 200 day moving average price is $3.01.
SemiLEDs Corp. (NASDAQ:LEDS) last posted its quarterly earnings data on Tuesday, July 12th. The company reported ($1.06) earnings per share (EPS) for the quarter. The company had revenue of $2.40 million for the quarter. 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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