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LDK Solar Stock Falls On Unusually High Volume (LDK)

By TheStreet Wire 05/29/12 - 04:11 PM EDT

Find out if (LDK) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- LDK Solar Company (NYSE:LDK) is trading at unusually high volume Tuesday with 6.1 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 42 cents (-18.8%) at $1.82 as of 3:45 p.m. ET.

LDK Solar has a market cap of $299.1 million and is part of the technology sector and electronics industry. Shares are down 46.5% year to date as of the close of trading on Friday.

LDK Solar Co., Ltd., together with its subsidiaries, engages in the design, development, manufacture, and marketing of photovoltaic (PV) products; and development of power plant projects.

TheStreet Ratings rates LDK Solar as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full LDK Solar Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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