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Monday, July 11, 2011

Potentially Oversold Level Reached (NYSE: YGE)

Shares of YGE fell by 2.90% or $-0.23/share to $7.69. Yingli Green Energy Holding Co. Ltd. is trading at a price to book ratio of 0.92. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.34 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.59. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 3577640 shares of YGE exchange hands on a given day and today's volume is recorded at 1739184. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Yingli Green Energy Holding Company Limited is a vertically integrated photovoltaic (PV) product manufacturer.