Earnings failed to meet Wall Street forecasts and the Chinese maker of multicrystalline solar wafers and solar panels shattered its guidance for the year
LDK announced a loss of $136.9 million or $1.08 an ADS, evaluated against a loss of $114.5 million or 87 cents an ADS in the previous year. The most recent quarter comprised an income tax benefit of $25.4 million, while the previos year period comprised a similar benefit of $1.7 million.
Thomson Reuters analysts survey forecasted a loss of $1.24 an ADS.
Its competitors include Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) that slipped -1.11% to $1.78 with the total traded volume of 528,701.00 shares and MEMC Electronic Materials, Inc (NYSE:WFR) that dropped -0.24% to $2.92 with the total traded volume of 1.63 million shares.
Other Technology stocks with bullish trend include Facebook Inc (NASDAQ:FB) up 0.34% to $28.08, Dell Inc (NASDAQ:DELL) up +5.50% to $10.17 and Cisco Systems, Inc (NASDAQ:CSCO) up 0.95% to $19.09, whereas with bearish trend include Research In Motion Limited (USA) (NASDAQ:RIMM) down -0.60% to $11.51, Microsoft Corporation (NASDAQ:MSFT) down -0.21% to $26.56 and Yahoo! Inc (NASDAQ:YHOO) down -0.27% to $18.72.
LDK Solar Co., Ltd (ADR) (NYSE:LDK) stock’s trade at beginning with a price of $1.15 and the current trading session climbed at a high of $1.15 other than the stock finally basic 55% to $1.07.
Shares price of LDK moved up from its 20 days moving average with +20.37% and remote positively from 50 days moving average with +17.12%. LDK current year earnings per share experienced a downfall of -315.75% while its current quarter performance remained -15.22%.
LDK has a trade volume of 465,846.00 shares is lesser as compared to average trading capacity of 807,914.00 shares.
LDK last month stock price volatility remained 10.12%. In its share capital LDK has 127.17 million outstanding shares among them 56.21 million shares have been floated in market exchange. LDK stock institutional ownership remained 11.36%.
The stock is ahead its 52 week low with 64.79% and lagging behind from its 52 week high price with -83.09%. Company’s beta coefficient included 2.89. Beta factors measures the amount of market risk associated with market trade.
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