Shares of STP traded higher by 5.45% or $0.4/share to $7.74. Suntech Power Holdings Co. Ltd. is trading at a price to book ratio of 0.7. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.32. The price to sales ratio came in at 0.41. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 2696710 shares of STP exchange hands on a given day and today's volume is recorded at 640133. 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.
Suntech Power Holdings Co., Ltd. (Suntech) is a solar energy company, which is engaged in the design, development, manufacturing and marketing of photovoltaic (PV) products, including a range of building-integrated photovoltaic (BIPV) products and also provides engineering, procurement and construction services to building solar power systems using its own solar modules for certain related party and third party customers.
