SemiLEDs Corp. (LEDS) Shares Down 4.8%
SemiLEDs Corp. (NASDAQ:LEDS) shares were down 4.8% on Thursday . The stock traded as low as $6.50 and last traded at $6.52, with a volume of 416,531 shares. The stock had previously closed at $6.85.
The stock has a 50-day moving average price of $3.74 and a 200-day moving average price of $3.03. The firm’s market cap is $20.20 million.
SemiLEDs Corp. (NASDAQ:LEDS) last posted its earnings results on Tuesday, July 12th. The company reported ($1.06) earnings per share (EPS) for the quarter. The business had revenue of $2.40 million for the quarter. 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.
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