Shares of TSL traded higher by 5.25% or $0.95/share to $19.04. Trina Solar Ltd. is trading at a price to book ratio of 1.04. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 0.3 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.61. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 3245220 shares of TSL exchange hands on a given day and today's volume is recorded at 1308808. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.
Trina Solar Limited (Trina) is an integrated solar-power products manufacturer based in China with a global distribution network covering Europe, North America and Asia.
