Yingli Green Energy Holding Co Ltd (NYSE:YGE)’s share price hit a new 52-week low during mid-day trading on Tuesday following a dissappointing earnings announcement. The company traded as low as $1.72 and last traded at $1.86, with a volume of 109700 shares. The stock had previously closed at $1.89.

The solar energy provider reported ($2.70) earnings per share for the quarter, missing the consensus estimate of ($2.61) by ($0.09). The firm had revenue of $252.30 million during the quarter, compared to the consensus estimate of $242.00 million. Yingli Green Energy’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($2.80) earnings per share.

Separately, Axiom Securities reissued a “sell” rating on shares of Yingli Green Energy in a research report on Thursday, August 31st.

Hedge funds and other institutional investors have recently modified their holdings of the stock. GMT Capital Corp acquired a new position in Yingli Green Energy during the third quarter valued at approximately $506,000. Profund Advisors LLC boosted its position in Yingli Green Energy by 5.2% during the second quarter. Profund Advisors LLC now owns 52,326 shares of the solar energy provider’s stock valued at $119,000 after purchasing an additional 2,565 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its position in Yingli Green Energy by 8.6% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 157,500 shares of the solar energy provider’s stock valued at $358,000 after purchasing an additional 12,500 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its position in Yingli Green Energy by 119.1% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 44,849 shares of the solar energy provider’s stock valued at $102,000 after purchasing an additional 24,379 shares during the last quarter. 3.29% of the stock is owned by hedge funds and other institutional investors.

The company has a debt-to-equity ratio of -0.33, a current ratio of 0.46 and a quick ratio of 0.39.

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Yingli Green Energy Company Profile

Yingli Green Energy Holding Company Limited is a solar panel manufacturer. The Company’s manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. The Company’s end products include photovoltaic (PV) modules and PV systems of different sizes and power outputs.

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