Canadian Solar Stock Hits New 52-Week Low (CSIQ)

NEW YORK (TheStreet) -- Canadian Solar (Nasdaq:CSIQ) hit a new 52-week low Tuesday as it is currently trading at $3.01, below its previous 52-week low of $3.05 with 215,529 shares traded as of 10 a.m. ET. Average volume has been 823,500 shares over the past 30 days.

Canadian Solar has a market cap of $165 million and is part of the technology sector and electronics industry. Shares are down 73.6% year to date as of the close of trading on Monday.

Canadian Solar Inc. engages in the design, development, manufacture, and sale of solar power products in Canada and internationally. The company offers solar cell and solar module products that convert sunlight into electricity for various uses. The company has a P/E ratio of 2.8, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Canadian Solar as a sell. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full Canadian Solar Ratings Report.

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