Shares of SemiLEDS Corporation (NASDAQ:LEDS) traded today at $31.30, eclipsing its 52-week high. This new high was reached on below average trading volume as 4.5 million shares traded hands, while the average 30-day volume is approximately 12.4 million shares.
SemiLEDS Corporation share prices have moved between a 52-week high of $31.30 and a 52-week low of $2.43 and are now trading 932% above that low price at $25.07 per share.
SemiLEDs Corp develops, manufacture, and sells light emitting diode chips and LED components. The company's products include LED Chips, LED Components, and Lighting Products. Its products are used for general lighting applications, that includes street lights and commercial, industrial, system and residential lighting; specialty industrial applications, such as ultraviolet, or Ultraviolet, curing of polymers, LED light therapy in medical/cosmetic applications, counterfeit detection, LED lighting for horticulture applications, architectural lighting and entertainment lighting. Geographically, it derives a majority of revenue from the United States.
Based on a current price of $25.07, SemiLEDS Corporation is currently 69.7% above its average consensus analyst price target of $7.60.
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