JinkoSolar (NYSE:JKS) Trading Up 5.8%

Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) were up 5.8% on Friday . The stock traded as high as $19.37 and last traded at $19.34, approximately 470,100 shares were traded during trading. A decline of 50% from the average daily volume of 936,277 shares. The stock had previously closed at $18.28.

Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of JinkoSolar from a “buy” rating to a “sell” rating in a report on Saturday, July 20th. Roth Capital set a $24.00 price target on shares of JinkoSolar and gave the company a “buy” rating in a report on Monday, May 20th. Credit Suisse Group lifted their price target on shares of JinkoSolar from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, July 1st. ValuEngine raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a report on Tuesday, May 28th. Finally, UBS Group lowered shares of JinkoSolar from a “buy” rating to a “neutral” rating and lifted their price target for the company from $22.00 to $25.00 in a report on Monday, June 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. JinkoSolar currently has a consensus rating of “Hold” and a consensus target price of $19.00.

The company’s fifty day moving average price is $20.50 and its 200 day moving average price is $19.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.71 and a current ratio of 0.94. The firm has a market capitalization of $580.75 million, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 0.35 and a beta of 2.01.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings results on Friday, June 28th. The semiconductor company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.08). The business had revenue of $845.90 million during the quarter, compared to analyst estimates of $976.85 million. JinkoSolar had a net margin of 1.68% and a return on equity of 5.35%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period last year, the firm posted $0.05 earnings per share. As a group, sell-side analysts expect that JinkoSolar Holding Co., Ltd. will post 2.79 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. Hanson & Doremus Investment Management acquired a new position in JinkoSolar during the 1st quarter valued at about $30,000. Acadian Asset Management LLC acquired a new position in JinkoSolar during the 2nd quarter valued at about $38,000. CENTRAL TRUST Co boosted its stake in JinkoSolar by 125.6% during the 1st quarter. CENTRAL TRUST Co now owns 2,497 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 1,390 shares during the period. Advisors Preferred LLC acquired a new position in JinkoSolar during the 2nd quarter valued at about $55,000. Finally, Tower Research Capital LLC TRC acquired a new position in JinkoSolar during the 2nd quarter valued at about $59,000. 34.29% of the stock is owned by hedge funds and other institutional investors.

About JinkoSolar (NYSE:JKS)

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.

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