NEW YORK (
) hit a new 52-week low Monday as it is currently trading at $8.86, below its previous 52-week high of $17.63 with 111,054 shares traded as of 9:36 a.m. ET. Average volume has been 1.3 million shares over the past 30 days.
Canadian Solar has a market cap of $403.3 million and is part of the
industry. Shares are down 26.4% year to date as of the close of trading on Friday.
Canadian Solar Inc. engages in the design, development, manufacture, and marketing of solar power products primarily 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 7.4, 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
. 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
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