Boston, MA 02/07/2013 (wallstreetpr) – Shares of LDK Solar Co., Ltd (ADR) (NYSE:LDK) strengthened by 8.53 percent to close at $1.40 on Monday. The shares recorded an intraday high of $1.43 per share and an intraday low of $1.29 per share during the day. As of the last trading session, shares of LDK Solar Co., Ltd (ADR) (NYSE:LDK) had a 52-week high of $2.32 and a 52-week low price of $0.71 per share.
LDK Solar Co., Ltd (ADR) (NYSE:LDK) was trading on Monday at very high volumes, namely at 2.78 million shares, while the average level of trading in the company is 2.79 million shares per day. With 158.83 million shares outstanding in the market, LDK Solar Co., Ltd (ADR) (NYSE:LDK) currently has a market cap of $222.36 billion and an institutional ownership of 7 percent of total share capital.
In the recently-released financial results for the fiscal quarter of 2013, LDK Solar Co., Ltd (ADR) (NYSE:LDK) reported net sales of $104.3 million, compared to sales of $135.9 million in the fourth quarter of 2012, and sales of $200.1 million in the first quarter of 2012. Gross profit margin for the company was minus 57 percent in the first quarter of fiscal year 2013, compared to minus 65.5 percent in the same quarter of the previous year.
Net loss attributable to the shareholders of LDK Solar Co., Ltd (ADR) (NYSE:LDK) stood at $187.1 million or $1.21 per basic and diluted share, compared to a net loss of $185.2 million or $1.46 per basic and diluted share in the same quarter of the previous year. The company thus made effective financial improvements in the first quarter of 2013 compared to both the previous quarter and the same quarter of the previous year.
