Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) falls on higher volume, Ballard Power Systems Inc. (USA) (NASDAQ:BLDP)

Posted by Nathan Alexander May 22, 2013 0 Comment 1116 views


Miami, FL 05/22/2013 (GDPInsider) – Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) opened the day at $1.16 and hit a high of $1.19 and a low of $1.02 and is currently down by 18.75% to trade at $1.04, with a volume of about 17.07 million. The insider have a stake of about 29.37% while the institutions have collected about 7.45% of the total 181.16 million shares outstanding. The short ratio in the stock presently is 2.84 and the short float percentage is 14.42% of 127.96 million shares floated in the market. The relative strength index of the stock is 66.21. The stock is currently 50.93% below its 52-week high of $2.14 and 250.00% above its 52-week low of $0.30. We see that the return on equity of the stock is negative of 47.95% and return on asset of the company is negative of -11.91%. The beta which is a measure of volatility of the stock is currently 3.08.

Wuxi Suntect is a bankrupt unit of Suntech, its local creditors today claimed that Wuxi Suntect owed them a total of $2.5 billion, at the initiation of the debt restructuring process which is expected to last for a month.

Is STP a solid investment at these levels? Get valuable updates and exclusive insights here.

Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) opened the day at $1.22 and hit a high of $1.25 and a low of $1.18 and is currently up by 2.59% to trade at $1.19, with a volume of about 0.786 million. The insider have a stake of about 7.80% while the institutions have collected about 12.66% of the total 98.88 million shares outstanding. The short ratio in the stock presently is 3.34 and the short float percentage is 2.81% of 91.22 million shares floated in the market. The relative strength index of the stock is 65.12. The stock is currently 22.08% below its 52-week high of $1.54 and 114.29% above its 52-week low of $0.56. We see that the return on equity of the stock is negative of 53.34% and return on asset of the company is negative of 29.65%. The beta which is a measure of volatility of the stock is currently 1.65.

How Should Investors Trade BLDP Now? Get the latest trends and data here.

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About Nathan Alexander

Nathan Alexander holds bachelor’s degrees in Journalism and European Studies from Boston University. Nathan reports round up the day’s business and financial market news and include keynote interviews with major business players and updates on Asian, European and US stock markets. He has interviewed heads of leading European banking institutions such as European Central Bank President Jean-Claude Trichet and HSBC Chairman Stephen Green, and CEOs from the business world including Microsoft founder Bill Gates, Virgin Chairman Sir Richard Branson and former Porsche President and CEO Dr Wendelin Wiedeking.

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