Hanwha Solarone Co Ltd (NASDAQ:HSOL) reported on Wednesday that it had made a deal with the Bank of Beijing for access to almost RMB 3.0 Billion or around US$475 million of credit over the next twelve-month time period.
The Shanghai based Hanwha SolarOne announced that this new credit facility offers the corporation with access to the extra financial resources essential to manage and grow business to exploit downstream scheme opportunities in China and overseas.
Hanwha SolarOne is one of the best 10 photovoltaic makers in the world, offering cost-competitive, high quality modules.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Daqo New Energy Corp (NYSE:DQ) rose +18.12% to settle at $8.15, Trina Solar Limited (ADR) (NYSE:TSL) moved up +4.94% to end at $4.46 while LDK Solar Co., Ltd (ADR) (NYSE:LDK) jumped +3.45% to finish at $1.20 on Wednesday.
Hanwha Solarone Co Ltd (NASDAQ:HSOL) last session’s volume of 505,689 million shares was surprisingly higher than its average volume of 224,984 shares. The stock after opening at $0.88 hit high price of $0.95 and then closed at $0.880 by scoring -0.06%.
The liquidity measure in recent quarter results of the company was recorded 1.22 as current ratio and on the other side the debt to equity ratio was 1.56 and long-term debt to equity ratio remained at 0.81. The Company had total cash of $256.32 million at hand and a book value per share as $6.45 in the most recent quarter.
The stock’s price volatility was 9.60% for a week and 9.02% for a month as well as price volatility’s Average True Range for 14 days was 0.09 and its beta remained at 2.75.
HSOL generated revenue of $613.32 million in the previous twelve months and earned -$277.02 million. The Company showed a negative -45.17% in the net profit margin as well as in its operating margin which remained at -43.00%. Company’s annual sales growth for the past five years was 59.03%.
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