JA Solar Holdings Co., Ltd. Receives Average Rating of “Buy” from Brokerages (NASDAQ:JASO)
JA Solar Holdings Co., Ltd. (NASDAQ:JASO) has been given a consensus rating of “Buy” by the eleven brokerages that are currently covering the stock, Analyst RN reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $13.75.
JA Solar Holdings Co., Ltd. (NASDAQ:JASO) traded up 5.01% during mid-day trading on Thursday, hitting $10.065. The stock had a trading volume of 1,138,404 shares. JA Solar Holdings Co., Ltd. has a one year low of $5.90 and a one year high of $13.14. The stock has a 50-day moving average of $9.89 and a 200-day moving average of $9.86. The company’s market cap is $460.4 million. JA Solar Holdings Co., Ltd. also saw a large decline in short interest during the month of May. As of May 30th, there was short interest totalling 4,548,798 shares, a decline of 28.7% from the May 15th total of 6,380,343 shares. Based on an average daily volume of 2,945,376 shares, the days-to-cover ratio is currently 1.5 days. Approximately 9.5% of the company’s shares are sold short.
JA Solar Holdings Co., Ltd. (NASDAQ:JASO) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.26. The company had revenue of $366.00 million for the quarter, compared to the consensus estimate of $330.54 million. During the same quarter in the prior year, the company posted ($0.85) earnings per share. The company’s quarterly revenue was up 35.7% on a year-over-year basis. On average, analysts predict that JA Solar Holdings Co., Ltd. will post $1.35 earnings per share for the current fiscal year.
JASO has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of JA Solar Holdings Co., Ltd. from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, analysts at Needham & Company LLC raised their EPS on shares of JA Solar Holdings Co., Ltd. in a research note on Tuesday, April 15th.
JA Solar Holdings Co, Ltd. (NASDAQ:JASO) is engaged in the business of designing, developing, manufacturing and selling solar cell and solar module products.
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