Shares of STP fell by 5.91% or $-0.36/share to $5.73. Suntech Power Holdings Co. Ltd. is trading at a price to book ratio of 0.58. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.24. The price to sales ratio came in at 0.34. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 2634920 shares of STP exchange hands on a given day and today's volume is recorded at 1068745. These financial metrics combined make this company seem undervalued. 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.
