Stock Alert: SemiLEDS Soars 48%

(RTTNews) - Shares of Taiwanese LED chips manufacturer SemiLEDS Corp. (LEDS) are trading 48 percent up on Thursday despite there being no company-specific news to influence the stock.

The company had in April reported second-quarter net loss of $255 thousand or $0.06 per share, compared to net loss of $697 thousand or $0.17 per share in the sequential quarter.

Revenues rose to $1.2 million from $719 thousand in the first quarter.

The stock is currently trading at $8.14, up $2.64 or 48 percent on the NYSE.

LEDS has traded between $1.93 and $9.38 in the last 52 weeks.