Boston, MA 05/24/2013 (wallstreetpr) – The share prices of MEMC Electronic Materials Inc. (NYSE:WFR) surged by 10.75 percent to close at $7.21 for the end of last trading session. The shares traded in the range of $6.20 to $7.36 per share, thereby readjusting the 52 week high price level for MEMC Electronic Materials Inc. (NYSE:WFR) to the new $7.36 per share. The 52 week low price level for the company is $1.44 per share.
MEMC Electronic Materials Inc. (NYSE:WFR) operates in the silicon industry where it designs, manufactures and distributes silicon wafers. In addition, the company also operates in the solar energy sector where it develops and sells photovoltaic energy solution. MEMC Electronic Materials Inc. (NYSE:WFR) operates its businesses in two major segments – semiconductor materials and solar energy. In the semiconductor materials business segment, the company offers silicon wafers with wide range of features. The Company’s wafers vary in size, surface features, composition, purity levels, crystal properties and electrical properties.
The solar energy business segment of MEMC Electronic Materials Inc. (NYSE:WFR) involves the operations of solar materials segment and the SunEdison business. MEMC Electronic Materials Inc. (NYSE:WFR) had recently reported the first quarter results in which the company registered marginal improvements over the previous year, owing to the improved execution in semiconductor materials segment.
MEMC Electronic Materials Inc. (NYSE:WFR) presently has total outstanding shares of 231.81 million and the average trading volume for the company is 7.53 million shares per day. The company has an institutional ownership of 81 percent of its holdings.
