Suntech Stock Hits New 52-Week Low (STP) - TheStreet

NEW YORK (

TheStreet

) --

Suntech Power Holdings

(NYSE:

STP

) hit a new 52-week low Friday as it is currently trading at $6.20, below its previous 52-week low of $6.38 with 1.1 million shares traded as of 10:16 a.m. ET. Average volume has been 2.5 million shares over the past 30 days.

Suntech has a market cap of $1.3 billion and is part of the

technology

sector and

electronics

industry. Shares are down 19.9% year to date as of the close of trading on Thursday.

Suntech Power Holdings Co., Ltd., a solar energy company, engages in the design, development, manufacture, and marketing of photovoltaic (PV) products. The company has a P/E ratio of 4.7, below the average electronics industry P/E ratio of 10.4 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Suntech as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, poor profit margins and a generally disappointing performance in the stock itself. You can view the full

Suntech Ratings Report

.

See all

52-week low stocks

or get investment ideas from our

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.

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