Traders Purchase High Volume of Yingli Green Energy Hold. Co. Call Options (YGE)
Yingli Green Energy Hold. Co. (NYSE:YGE) was the target of some unusual options trading on Tuesday. Traders bought 10,536 call options on the stock, American Banking News reports. This represents an increase of approximately 386% compared to the average volume of 2,166 call options.
YGE has been the subject of a number of recent research reports. Analysts at Roth Capital reiterated a “neutral” rating on shares of Yingli Green Energy Hold. Co. in a research note on Tuesday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Yingli Green Energy Hold. Co. in a research note on Tuesday. Finally, analysts at Deutsche Bank cut their price target on shares of Yingli Green Energy Hold. Co. from $8.00 to $6.00 in a research note on Wednesday, June 4th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $6.33.
Yingli Green Energy Hold. Co. (NYSE:YGE) traded up 12.22% on Tuesday, hitting $3.95. 21,439,468 shares of the company’s stock traded hands. Yingli Green Energy Hold. Co. has a one year low of $2.68 and a one year high of $8.77. The stock has a 50-day moving average of $3.12 and a 200-day moving average of $4.8. The company’s market cap is $619.2 million.
Yingli Green Energy Hold. Co. (NYSE:YGE) last issued its quarterly earnings data on Tuesday, June 17th. The company reported ($0.35) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.24) by $0.11. The company had revenue of $432.20 million for the quarter, compared to the consensus estimate of $464.04 million. During the same quarter in the prior year, the company posted ($0.62) earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, analysts predict that Yingli Green Energy Hold. Co. will post $-0.48 earnings per share for the current fiscal year.
Yingli Green Energy Holding Company Limited is a vertically integrated photovoltaic (NYSE:YGE), product manufacturer worldwide.
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