JA Solar (JASO) Shares Down 5.6%

JA Solar Holdings Co., Ltd. (NASDAQ:JASO)’s share price was down 5.6% during mid-day trading on Thursday . The company traded as low as $7.58 and last traded at $7.59. Approximately 917,186 shares traded hands during trading, a decline of 28% from the average daily volume of 1,275,007 shares. The stock had previously closed at $8.04.

A number of equities analysts have recently issued reports on JASO shares. ValuEngine upgraded shares of JA Solar from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 16th. Zacks Investment Research lowered shares of JA Solar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Axiom Securities restated a “sell” rating on shares of JA Solar in a research report on Thursday, November 16th. Finally, BidaskClub lowered shares of JA Solar from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. JA Solar presently has an average rating of “Hold” and a consensus price target of $6.81.

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.03 and a quick ratio of 0.70. The company has a market capitalization of $361.17, a PE ratio of 4.84 and a beta of 1.03.

JA Solar (NASDAQ:JASO) last announced its earnings results on Wednesday, November 15th. The solar energy provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The business had revenue of $652.60 million for the quarter, compared to analysts’ expectations of $609.78 million. JA Solar had a return on equity of 7.73% and a net margin of 2.84%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $0.13 earnings per share. analysts forecast that JA Solar Holdings Co., Ltd. will post 0.65 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Advisors Preferred LLC purchased a new position in JA Solar in the 3rd quarter valued at $101,000. Verition Fund Management LLC purchased a new position in JA Solar in the 2nd quarter valued at $185,000. Cubist Systematic Strategies LLC purchased a new position in JA Solar in the 3rd quarter valued at $194,000. Public Employees Retirement System of Ohio grew its position in JA Solar by 10.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 38,400 shares of the solar energy provider’s stock valued at $244,000 after buying an additional 3,600 shares during the last quarter. Finally, FMR LLC grew its position in JA Solar by 89.4% in the 2nd quarter. FMR LLC now owns 44,500 shares of the solar energy provider’s stock valued at $283,000 after buying an additional 21,000 shares during the last quarter. Hedge funds and other institutional investors own 30.92% of the company’s stock.

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About JA Solar

JA Solar Holdings Co, Ltd. is a holding company. The Company designs, develops, manufactures and sells solar power products that convert sunlight into electricity for a range of uses. The Company is engaged in manufacturing and selling solar modules, as well as silicon wafer manufacturing. The Company operates through two segments, including manufacturing and solar projects.

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