SemiLEDs Corp. (NASDAQ:LEDS) shares shot up 20.4% during mid-day trading on Thursday . The stock traded as high as $7.84 and last traded at $7.02, with a volume of 2,261,885 shares. The stock had previously closed at $5.83.

The stock’s market cap is $21.26 million. The stock has a 50-day moving average of $5.49 and a 200 day moving average of $3.26.

SemiLEDs Corp. (NASDAQ:LEDS) last announced its quarterly earnings data on Tuesday, July 12th. The company reported ($1.06) earnings per share (EPS) for the quarter. The company earned $2.40 million during the quarter. On average, equities 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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