SemiLEDs (LEDS) Trading Up 5.6%
Shares of SemiLEDs Co. (NASDAQ:LEDS) were up 5.6% during mid-day trading on Wednesday . The stock traded as high as $4.94 and last traded at $3.80. Approximately 754,900 shares were traded during mid-day trading, an increase of 584% from the average daily volume of 110,300 shares. The stock had previously closed at $3.60.
Separately, ValuEngine raised SemiLEDs from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.
The company has a quick ratio of 0.68, a current ratio of 1.08 and a debt-to-equity ratio of 0.31.
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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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