LDK Solar (LDK) Having Another Bad Day

March 7, 2008 12:08 PM EST
Today, LDK (NYSE: LDK) has traded between $22.50 and $24.43. Actually, LDK is trading in uncharted territory; now trading below its June IPO price of $27.

LDK Solar is trading below its 50-day moving average by approximately 10 points and is currently trading at $22.71.

LDK Solar has been the subject of much controversy after a controller left and made allegations that there were accounting and inventory irregularities.

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[JT]

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