SemiLEDs (LEDS) Shares Gap Up to $4.60
SemiLEDs (NASDAQ:LEDS) shares 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 changing hands.
Separately, ValuEngine lowered SemiLEDs from a “buy” rating to a “hold” rating in a research report on Thursday, April 12th.
The company has a debt-to-equity ratio of 0.35, a current ratio of 0.93 and a quick ratio of 0.61.
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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