SemiLEDs Corp. (LEDS) Trading 20.4% Higher
SemiLEDs Corp. (NASDAQ:LEDS) shares traded up 20.4% on Thursday . The company traded as high as $7.84 and last traded at $7.02, with a volume of 2,261,885 shares changing hands. The stock had previously closed at $5.83.
The firm’s 50-day moving average price is $5.23 and its 200 day moving average price is $3.24. The firm’s market cap is $20.46 million.
SemiLEDs Corp. (NASDAQ:LEDS) last issued its quarterly earnings results on Tuesday, July 12th. The company reported ($1.06) earnings per share for the quarter. The business had revenue of $2.40 million for the quarter. Equities analysts predict that SemiLEDs Corp. will post ($0.89) EPS 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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