Canadian Solar Inc. (NASDAQ:CSIQ) up by 10.73%, Leap Wireless International Inc. (NASDAQ:LEAP)

Posted by admin May 20, 2013 0 Comment 1296 views


Canadian Solar Inc. (NASDAQ:CSIQ) went up by 10.73% to close at $7.84 on Friday up by $0.76. On Friday the stock opened at $7.10, traded between $7.00 and $8.04, with a volume of about 2.93 million, this compares to the 90 day average volume of 980.04K the relative volume of the share is 2.99. The company had a net profit margin and operating profit margin of -35.29% and -31.03% respectively in the fourth quarter of 2012. The net profit margin and operating profit margin for the full year 2012 was -14.92% and -11.01% respectively. The return on average assets and return on average equity were -18.24% and -109.04% respectively during the fourth quarter of 2012. While the return on average assets and return on average equity for the full year was -9.33% and -48.75% respectively. Looking at these we can sense that the company has uncomfortable ratios and has indecent profitability. The stock experienced a volatility of 10.35% in the last week when during the same week it yielded 16.32%. The performance of the stock over a period of one month is 105.24%.

The company on May 13 announced that it had completed 2 1-megawatt AC solar power projects in Sterling, Massachusetts

Leap Wireless International Inc. (NASDAQ:LEAP) went down by 3.77% to close at $5.87 on Friday down by $0.23. On Friday the stock opened at $5.92, traded between $5.80 and $6.00, with a volume of about 1.19 million, this compares to the 90 day average volume of 1.44 million the relative volume of the share is 0.83. The company had a net profit margin and operating profit margin of -13.88% and -3.72% respectively in the first quarter of 2013. The net profit margin and operating profit margin for the full year 2012 was -5.96% and 4.43% respectively. The return on average assets and return on average equity were -8.97% and -117.95% respectively during the first quarter of 2013. While the return on average assets and return on average equity for the full year was -3.70% and -36.18% respectively. Looking at these we can sense that the company has uncomfortable ratios and has indecent profitability. The stock experienced a volatility of 2.10% in the last week when during the same week it yielded -4.86%. The performance of the stock over a period of one month is 5.39%.

Barclays initiated coverage on the stock and rated the stock as “Underweight”. Leap Wireless granted an inducement awards to its 3 new employees.


Write Your Comment