LDK Solar Co., Ltd (LDK) Downgraded to Hold by Argus Research

LDK Solar Co., Ltd (LDK) has been downgraded today from “buy” to “hold” by the research analysts at Argus.  LDK closed trading today at $6.83 per share.

LDK Solar is slated to release their next earnings report on June 7, 2011 and is estimated to post EPS of 86 cents.  Their last earnings report was released on March 17, 2011 and announced an EPS of $1.09 with revenue totaling 920.9 million which was up 36.3 % year to year.  LDK is currently trading below its 50 & 200-day moving averages and 2011 is currently a down year for the company.

LDK Solar Co., Ltd (LDK) manufactures and markets multicrystalline and monocrystalline wafers to manufacturers of solar cells and modules.  The company has market capitalization of $600,000,000 and 90,898,000 shares outstanding.  LDK has a 52-week high of $15.10 with the low being $4.97.

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