SemiLEDs (NASDAQ:LEDS) Shares Gap Up to $2.89

SemiLEDs Co. (NASDAQ:LEDS) gapped up prior to trading on Thursday . The stock had previously closed at $3.08, but opened at $2.89. SemiLEDs shares last traded at $2.67, with a volume of 9,464 shares.

The firm’s fifty day moving average is $2.56 and its 200 day moving average is $3.06. The company has a quick ratio of 0.56, a current ratio of 1.09 and a debt-to-equity ratio of 1.88.

SemiLEDs (NASDAQ:LEDS) last issued its quarterly earnings results on Wednesday, July 10th. The semiconductor company reported ($0.24) EPS for the quarter. The company had revenue of $1.75 million during 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.

See Also: Different Options Trading Strategies

Receive News & Ratings for SemiLEDs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SemiLEDs and related companies with MarketBeat.com's FREE daily email newsletter.