The stock of SemiLEDs Corporation (NASDAQ:LEDS) is a huge mover today! The stock decreased 16.70% or $0.85 on November 23, hitting $4.24. About 179,919 shares traded hands. SemiLEDs Corporation (NASDAQ:LEDS) has risen 75.93% since April 22, 2016 and is uptrending. It has outperformed by 70.52% the S&P500.
The move comes after 7 months negative chart setup for the $16.88 million company. It was reported on Nov, 24 by Barchart.com. We have $3.94 PT which if reached, will make NASDAQ:LEDS worth $1.18M less.
Analysts await SemiLEDs Corporation (NASDAQ:LEDS) to report earnings on January, 10.
According to Zacks Investment Research, “SemiLEDs Corporation is engaged in the development and manufacture of metal alloy vertical LED chips in blue (white), green and UV using its patented and proprietary MvpLED technology. The Company is also engaged in the manufacture of LED components. Its products find application in general lighting, including street lights and commercial, industrial and residential lighting. The Company’s customer base comprises customers in China, Taiwan, Europe, North America and other parts of Asia. SemiLEDs Corporation is headquartered in Boise, Idaho.”
More important recent SemiLEDs Corporation (NASDAQ:LEDS) news were published by: Quotes.Wsj.com which released: “SemiLEDS Corp. LEDS (US: Nasdaq)” on February 12, 2011, also Streetinsider.com published article titled: “Form 8-K SemiLEDs Corp For: Nov 21”, Marketwatch.com published: “Virtual Stock Exchange” on December 27, 2010. More interesting news about SemiLEDs Corporation (NASDAQ:LEDS) was released by: Seekingalpha.com and their article: “It Looks Like It’s Over At SemiLEDs” with publication date: April 29, 2016.
LEDS Company Profile
SemiLEDs Corporation, incorporated on January 4, 2005, develops, makes 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. The Company’s 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. The Firm sells blue, white, green and UV LED chips to a customer base that is concentrated in select markets, including Taiwan, the United States and China (including Hong Kong). It also sells its Enhanced Vertical (EV), LED product series in blue, white, green and UV. The Firm sells its LED chips to packagers or to distributors. In addition, it packages a portion of its LED chips into LED components, which it sells to distributors and end-customers in selected markets. The Company’s lighting products clients are primarily original design manufacturers (ODMs) of lighting products and the end users of lighting devices.
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