SemiLEDS Corporation (LEDS) Trading Up 8.5%
SemiLEDS Corporation (NASDAQ:LEDS) was up 8.5% during mid-day trading on Thursday . The stock traded as high as $9.40 and last traded at $6.93. Approximately 4,338,298 shares changed hands during mid-day trading, an increase of 4,884% from the average daily volume of 87,047 shares. The stock had previously closed at $6.39.
Separately, ValuEngine raised SemiLEDS Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.
The company has a debt-to-equity ratio of 0.29, a current ratio of 1.17 and a quick ratio of 0.70.
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SemiLEDS Corporation Company Profile
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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