Shares of SemiLEDs Corp. (NASDAQ:LEDS) dropped 7.3% during mid-day trading on Monday . The stock traded as low as $6.33 and last traded at $6.70, with a volume of 178,364 shares traded. The stock had previously closed at $7.23.

The firm’s market capitalization is $18.82 million. The stock has a 50 day moving average of $5.67 and a 200-day moving average of $3.30.

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 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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