SemiLEDs Corp. (LEDS) Sees Strong Trading Volume
Shares of SemiLEDs Corp. (NASDAQ:LEDS) saw strong trading volume on Friday . 645,946 shares were traded during mid-day trading, an increase of 12% from the previous session’s volume of 579,012 shares.The stock last traded at $7.19 and had previously closed at $6.96.
The stock has a 50-day moving average price of $5.49 and a 200 day moving average price of $3.26. The firm’s market cap is $21.26 million.
SemiLEDs Corp. (NASDAQ:LEDS) last issued its quarterly earnings results on Tuesday, July 12th. The company reported ($1.06) EPS for the quarter. The business had revenue of $2.40 million for the quarter. On average, analysts anticipate 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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