SemiLEDs (LEDS) Sees Unusually-High Trading Volume
SemiLEDs Co. (NASDAQ:LEDS) shares saw an uptick in trading volume on Thursday . 7,919,900 shares changed hands during trading, an increase of 401% from the previous session’s volume of 1,581,514 shares.The stock last traded at $6.55 and had previously closed at $3.82.
The company has a current ratio of 1.08, a quick ratio of 0.68 and a debt-to-equity ratio of 0.31. The stock has a market cap of $15.84, a price-to-earnings ratio of -3.85 and a beta of 2.63.
SemiLEDs (NASDAQ:LEDS) last issued its quarterly earnings results on Wednesday, January 10th. The semiconductor company reported ($0.11) earnings per share for the quarter. The business had revenue of $2.00 million during the quarter. SemiLEDs had a negative net margin of 44.40% and a negative return on equity of 39.66%.
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 may also be 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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