Shares of SemiLEDs Corp. (NASDAQ:LEDS) rose 18.5% on Wednesday . The company traded as high as $3.37 and last traded at $3.33, with a volume of 181,251 shares traded. The stock had previously closed at $2.81.

The company’s market capitalization is $9.59 million. The firm has a 50 day moving average price of $1.80 and a 200 day moving average price of $2.73.

SemiLEDs Corp. (NASDAQ:LEDS) last released its quarterly earnings data on Tuesday, April 12th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $2.90 million for the quarter. On average, equities research analysts anticipate that SemiLEDs Corp. will post ($0.89) earnings per share for the current 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.