Suntech Stock Hits New 52-Week Low (STP)

NEW YORK ( TheStreet) -- Suntech Power Holdings (NYSE: STP) hit a new 52-week low Thursday as it is currently trading at $1.66, below its previous 52-week low of $1.67 with 1.6 million shares traded as of 3:59 p.m. ET. Average volume has been 2.1 million shares over the past 30 days.

Suntech has a market cap of $333.3 million and is part of the technology sector and electronics industry. Shares are down 16.7% year to date as of the close of trading on Wednesday.

Suntech Power Holdings Co., Ltd., a solar energy company, engages in the design, development, manufacture, and marketing of photovoltaic (PV) products.

TheStreet Ratings rates Suntech 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, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full Suntech Ratings Report.

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