Boston, MA 05/22/2013 (wallstreetpr) – The share price of SemilEDS Corp. (NASDAQ:LEDS) had surged by 17.57 percent to close at $1.74 per share for the last trading session. The shares of the LED developer had been trading in the range of $1.60 to $1.94 per share for the trading day. SemilEDS Corp. (NASDAQ:LEDS) has a 52 week high price of $3.52 per share and 52 week low price of $0.60 per share.
SemilEDS Corp. (NASDAQ:LEDS) is a holding company which is primarily involved in the design, manufacture and selling of Light Emitting Diode chips and LED components. The company’s LED chips and components are used for general lighting purposes in residential, commercial and industrial purposes and for street lights as well. In addition, the LED chips developed by SemilEDS Corp. (NASDAQ:LEDS) could also be used for medical and cosmetic applications in the form of ultraviolet light requirements and for horticulture applications.
The major brand if SemilEDS Corp. (NASDAQ:LEDS) is the MvpLED under which the company sells blue, green and UV LED chips. The customer base of this LED developer is highly concentrated in few select markets. SemilEDS Corp. (NASDAQ:LEDS) distributes its LED components and chips to markets in United States, Russia, China and Taiwan. The LED developer holds a market capitalization of $47.92 million and the average trading volume for the company is 936,703 shares. SemilEDS Corp. (NASDAQ:LEDS) has raised its capital by floating 27.54 million shares to the equity holders and the institutional ownership is 10 percent of the holdings in the company.
