Xinyu, China-based based LDK Solar Co, Ltd (ADR) (NYSE:LDK) moved down after high polysilicon production costs and lowering prices contributed to a Q1 loss that surpassed anticipations.
LDK Solar’s, the world’s second biggest manufacturer of solar wafers, American depositary receipts, each worth one ordinary share, tumbled 5.94% to settle at $1.90 in New York and marked the record low level since June 22.
LDK announced in a statement on Tuesday that the solar panel maker reported a net loss of $185.2 million or $1.46 an ADR, evaluated against net income of $135.4 million or 95 cents in previous year. Bloomberg gathered average 3 forecasts confirm that analysts had forecasted a loss of $1.14 an ADR.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. ReneSola Ltd. (ADR) (NYSE:SOL) decreased -6.52% to settle at $1.29, JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) moved down -1.85% to end at $1.06 while Trina Solar Limited (ADR) (NYSE:TSL) plunged -7.98% to finish on Tuesday at $6.23.
LDK Solar Co., Ltd (ADR) (NYSE:LDK) last session volume of 976,942 shares was lower than its average volume of 1.92 million shares. The stock after opening at $1.93 hit high price of $1.96 and then closed at $1.90 by scoring -5.94%.
The liquidity measure in recent quarter results of the company was recorded 0.53 as current ratio and on the other side the debt to equity ratio was 5.66 and long-term debt to equity ratio also remained 2.15. The Company had total cash at hand $244.07 million and a book value per share as $4.57 in the most recent quarter.
The stock price volatility was 8.23% for a week and 11.03% for a month as well as price volatility’s Average True Range for 14 days was 0.22 and its beta remained 2.91.
LDK generated revenue of 2.16 billion in the following twelve months and earned -$655.46 million. The Company showed a negative -28.22% in the net profit margin and as well as in its operating margin which remained -21.33%. Company’s quarterly for the past five year was +82.89%.
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