By midday, shares had taken off 2% to $2.93. Trading volume of 2.6 million had nearly exceeded its three-month daily average of 2.8 million.
Year to date, the stock is up 19.2%.
MY data by YCharts
TheStreet Ratings team rates CHINA MING YANG WIND PWR-ADR as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate CHINA MING YANG WIND PWR-ADR (MY) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, unimpressive growth in net income, disappointing return on equity and poor profit margins."
- You can view the full analysis from the report here: MY Ratings Report