SemiLEDs (LEDS) Shares Gap Up to $4.60

SemiLEDs (NASDAQ:LEDS) gapped up before the market opened on Thursday . The stock had previously closed at $4.64, but opened at $4.60. SemiLEDs shares last traded at $4.35, with a volume of 998337 shares traded.

Separately, ValuEngine downgraded shares of SemiLEDs from a “buy” rating to a “hold” rating in a research report on Thursday, April 12th.

The company has a quick ratio of 0.61, a current ratio of 0.93 and a debt-to-equity ratio of 0.35.

SemiLEDs (NASDAQ:LEDS) last posted its earnings results on Thursday, April 12th. The semiconductor company reported ($0.32) EPS for the quarter. SemiLEDs had a negative return on equity of 45.07% and a negative net margin of 45.98%. The business had revenue of $1.54 million for the quarter.

About SemiLEDs

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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