SemiLEDs Corp. (LEDS) Shares Down 3%
SemiLEDs Corp. (NASDAQ:LEDS)’s share price traded down 3% on Tuesday . The company traded as low as $5.71 and last traded at $5.83, with a volume of 53,842 shares. The stock had previously closed at $6.01.
The firm has a 50-day moving average price of $6.27 and a 200-day moving average price of $3.88. The firm’s market capitalization is $17.14 million.
SemiLEDs Corp. (NASDAQ:LEDS) last posted its quarterly earnings results on Tuesday, July 12th. The company reported ($1.06) earnings per share for the quarter. SemiLEDs Corp. had a negative net margin of 106.37% and a negative return on equity of 48.89%. The business earned $2.40 million during the quarter. Equities analysts forecast that SemiLEDs Corp. will post ($0.89) earnings per share for the current fiscal year.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/semileds-corp-leds-shares-down-3.html
An institutional investor recently raised its position in SemiLEDs Corp. stock. Renaissance Technologies LLC boosted its position in SemiLEDs Corp. (NASDAQ:LEDS) by 1.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 348,700 shares of the company’s stock after buying an additional 4,200 shares during the period. Renaissance Technologies LLC owned about 1.20% of SemiLEDs Corp. worth $101,000 at the end of the most recent reporting period. 5.57% of the stock is owned by hedge funds and other institutional investors.
SemiLEDs Corp. 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 are also 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.
Receive News & Ratings for SemiLEDs Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SemiLEDs Corp. and related companies with MarketBeat.com's FREE daily email newsletter.