Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP)’s share price declined – CERP

Boston, MA 04/11/2013 (wallstreetpr) – Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP)  is currently trading at $0.740 which is up 19.35%.  The stock’s daily range has been $.5410 – $.8650 with a volume of 15,306,942.  The stock previously closed at $.62 and opened this morning at a price of $.67.  The market capitalization of the stock is 119.94 million dollars with 180,840,000 shares outstanding.  The 52 week range of the stock prices have been .30 to 2.96 experienced March 21, 2013 and April 17, 2012 respectively.  The average price of the stock over 50 days has been 1.0692 and 1.157 over 200 days.  The average volume has been 5,272,340 over a three month period.  The earnings per share of the stock is -6.55 and the beta is 2.85.  Suntech Power Holdings is a solar energy company that designs, develops, manufactures and markets photovoltaic products.  Over the past 3 months the stock experienced a drastic decrease in price per share in the beginning of March.  The stock has dropped from there and has yet to come near the price it was at the beginning of the year. 

Cereplast (OTC:CERP) is currently trading at $0.0195 which is down by  2.5%.  The stock previously closed at .02 which is the same price it opened at this morning.  The daily range has been .0195 – .0225 with a volume of 7,776,202 shares.  The average volume over a three month period has been 20,550,900 with earnings per share of -1.11 and a beta of .53.  The 52 week range has been .0096 on January 17, 2013 and .068 on February 07, 2013.  The average price over 50 days has been .0319.  The company is a leading manufacturer of bio plastics.  The Company recently announced that its subsidiary will promote their products in Italy and nearby countries with 7 different sales agents.  The recent legislation forcing merchants to use bio-plastics bags in Italy is said to increase the sales and profits of the company.  The demand for these bags has already increased and the company estimates to tap into at least a $50 million market opportunity because of the legislation.

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Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email (brendanbyrne@wallstreetpr.com) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).

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