SemiLEDs Corp. (LEDS) Stock Price Down 9.5%
Shares of SemiLEDs Corp. (NASDAQ:LEDS) were down 9.5% during mid-day trading on Friday . The stock 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 firm’s market cap is $18.58 million. The stock’s 50 day moving average is $2.91 and its 200-day moving average is $2.90.
SemiLEDs Corp. (NASDAQ:LEDS) last posted its quarterly earnings data on Tuesday, July 12th. The company reported ($1.06) earnings per share for the quarter. The firm earned $2.40 million during the quarter. Equities research analysts forecast 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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