- CSIQ has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $29.9 million.
- CSIQ has traded 66,059 shares today.
- CSIQ is up 4% today.
- CSIQ was down 6.9% 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 primarily under the Canadian Solar brand name. The company operates through Module, Energy Development, and Electricity Generation segments. CSIQ has a PE ratio of 7. 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 2.0 million shares per day over the past 30 days. Canadian Solar has a market cap of $909.4 million and is part of the technology sector and electronics industry. The stock has a beta of 3.23 and a short float of 15.1% with 2.85 days to cover. Shares are down 48.8% year-to-date as of the close of trading on Friday. 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. Among the primary strengths of the company is its attractive valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk. Highlights from the ratings report include:
- CSIQ, with its decline in revenue, underperformed when compared the industry average of 5.8%. Since the same quarter one year prior, revenues fell by 16.2%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 50.55%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 62.50% compared to the year-earlier quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed against the S&P 500 and did not exceed that of the Semiconductors & Semiconductor Equipment industry. The net income has significantly decreased by 63.2% when compared to the same quarter one year ago, falling from $61.33 million to $22.58 million.
- The debt-to-equity ratio is very high at 2.58 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 0.59, 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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