Investors Purchase High Volume of JA Solar Call Options (JASO)
Shares of JA Solar (NASDAQ:JASO) was the target of unusually large options trading on Friday. Traders purchased 9,297 call options on the stock, Analyst Ratings Net reports. This represents an increase of approximately 696% compared to the typical daily volume of 1,168 call options.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of JA Solar in a research note to investors on Tuesday, October 8th. They now have a $11.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. JA Solar has a consensus rating of “Hold” and an average price target of $8.06.
Shares of JA Solar (NASDAQ:JASO) opened at 9.71 on Monday. JA Solar has a 1-year low of $3.37 and a 1-year high of $12.80. The stock has a 50-day moving average of $9.51 and a 200-day moving average of $9.10. The company’s market cap is $391.6 million.
JA Solar (NASDAQ:JASO) last announced its earnings results on Tuesday, November 26th. The company reported ($0.37) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.54) by $0.17. The company had revenue of $287.30 million for the quarter, compared to the consensus estimate of $250.42 million. During the same quarter last year, the company posted ($0.30) earnings per share. JA Solar’s revenue was up 7.2% compared to the same quarter last year. Analysts expect that JA Solar will post $-1.68 EPS for the current fiscal year.
JA Solar Holdings Co, Ltd. (NASDAQ:JASO) is a manufacturer of high-performance solar cells based in People’s Republic of China.
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