Boston, MA 06/13/2013 (wallstreetpr) – The share prices of SemiLEDs Corporation (NASDAQ:LEDS) had surged by 11.22 percent to close at $1.74 per share for the end of last trading session. The stock opened at $1.99 and made an intraday high of $2.09 before plunging sharply. Over 27.54m shares were traded in the last trading session.
SemiLEDs Corporation (NASDAQ:LEDS) went down by 11.22% to trade at $1.74, with a volume of 1.23M shares. The short float created in the stock is close to 4.95% while the short ratio is standing at 0.61. The stock is currently 41.37% off its 52-week high of $3.19 and 211.37% above its 52-week low of $0.60. The volatility experienced by the stock during the last 5 trading session is close to 10.72%, while the volatility during the last month was 11.61%. The analysts are targeting a price of $2.83 for the stock. The growth in earnings per share expected this year is close to 55.60%, or the expected EPS is -$0.42 as compared to earnings per share of -$1.80 for the trailing twelve months.
SemiLEDs Corporation (NASDAQ:LEDS) shares increased 15.54% to $1.71. The company on April 11 announced its financial results for the second quarter of fiscal year 2013, ended February 28, 2013. Revenue for the second quarter of fiscal 2013 was $4.8 million, a 39% decrease compared to $7.9 million in the second quarter of fiscal 2012. GAAP net loss attributable for the second quarter of fiscal 2013 was $6.0 million, or a net loss of $0.22 per diluted share, compared to GAAP net loss of $7.1 million, or a net loss of $0.26 per diluted share, for the second quarter of fiscal 2012.
GAAP gross margin for the second quarter of fiscal 2013 was negative 69%, compared with gross margin for the second quarter of fiscal 2012 of negative 9%. Operating margin for the second quarter of fiscal 2013 was negative 145% compared with negative 73% in the second quarter of fiscal 2012. Gross margin for the second quarter of fiscal 2013 was negatively impacted by reduction in revenues, a decrease in the average selling price of LED chips, and an excess capacity charges for our LED chips.
