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.
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.
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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