Amid recent market volatility, shares of Xuming Electronics (LEDS, Financial) experienced a significant drop of 5.81%. The stock is currently priced at $1.22 per share with a trading volume of 9,644 shares, reflecting a turnover rate of 0.13% and a price fluctuation of 4.03%.
According to their latest financial report, Xuming Electronics generated revenue of $1.32 million but reported a net loss of $319,000, resulting in an earnings per share (EPS) of -$0.04. The gross profit stood at $543,000, with a negative price-to-earnings (P/E) ratio of -2.98. As of now, there are no institutional ratings for buy, hold, or sell recommendations on the stock.
Within the semiconductor industry, which saw an overall decline of 0.59%, individual stocks showed diverse movements. Notable gainers include Atomera Incorporated, Astera Labs, Inc., and Quickchip Semiconductor. Peraso Inc., Aehr Test Systems, and Wolfspeed, Inc. maintained active trading with turnover rates of 4.84%, 3.08%, and 2.77%, respectively. Stocks such as Haowei, Atomera Incorporated, and Peraso Inc. exhibited significant price fluctuations, with amplitude rates of 15.57%, 15.48%, and 10.08%.
Xuming Electronics specializes in the development, manufacture, and sale of LED chips and components. Their products are utilized in general lighting applications, including street lighting and commercial, industrial, systems, and residential lighting. Other uses involve special industrial applications like UV curing, medical/cosmetic LED therapies, counterfeit detection, horticultural lighting, architectural, and entertainment lighting. A substantial portion of its revenue is derived from LED component sales, particularly in the U.S. market.
