- CSIQ has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $66.7 million.
- CSIQ has traded 55,861 shares today.
- CSIQ is down 3% today.
- CSIQ was up 5.1% yesterday.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in CSIQ with the Ticky from Trade-Ideas. See the FREE profile for CSIQ NOW at Trade-Ideas More details on CSIQ: Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar wafers, cells, and solar power products worldwide. The company operates in two segments, Module and Energy. CSIQ has a PE ratio of 5. Currently there are 8 analysts that rate Canadian Solar a buy, no analysts rate it a sell, and none rate it a hold. The average volume for Canadian Solar has been 2.5 million shares per day over the past 30 days. Canadian Solar has a market cap of $1.2 billion and is part of the technology sector and electronics industry. The stock has a beta of 3.98 and a short float of 12.9% with 1.44 days to cover. Shares are down 34.8% year-to-date as of the close of trading on Thursday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. TheStreetRatings.com Analysis: TheStreet Quant Ratings rates Canadian Solar as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and poor profit margins. Highlights from the ratings report include:
- Regardless of the drop in revenue, the company managed to outperform against the industry average of 9.4%. Since the same quarter one year prior, revenues slightly dropped by 7.1%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Semiconductors & Semiconductor Equipment industry. The net income has significantly decreased by 70.8% when compared to the same quarter one year ago, falling from $104.20 million to $30.37 million.
- The debt-to-equity ratio is very high at 2.26 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. To add to this, CSIQ has a quick ratio of 0.58, this demonstrates the lack of ability of the company to cover short-term liquidity needs.
- You can view the full Canadian Solar Ratings Report.
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