SemiLEDs (NASDAQ:LEDS) Trading Up 30.2%

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SemiLEDs Co. (NASDAQ:LEDS) was up 30.2% on Wednesday . The company traded as high as $4.10 and last traded at $2.89, approximately 17,101,918 shares changed hands during trading. An increase of 8,334% from the average daily volume of 202,785 shares. The stock had previously closed at $2.22.

The business’s 50-day moving average price is $2.57 and its two-hundred day moving average price is $3.07. The company has a current ratio of 1.09, a quick ratio of 0.56 and a debt-to-equity ratio of 1.88.

SemiLEDs (NASDAQ:LEDS) last announced its quarterly earnings results on Wednesday, July 10th. The semiconductor company reported ($0.24) earnings per share for the quarter. The firm had revenue of $1.75 million for the quarter. SemiLEDs had a negative return on equity of 99.88% and a negative net margin of 60.58%.

About SemiLEDs (NASDAQ:LEDS)

SemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips and LED components in the United States, Taiwan, the Netherlands, France, China, Germany, Hong Kong, and internationally. The company's products are used for general lighting applications, including street lights and commercial, industrial, system and residential lighting.

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