JA Solar Holdings Co., Ltd. (JASO) Announces Quarterly Earnings, Misses Expectations By $0.07 EPS
JA Solar Holdings Co., Ltd. (NASDAQ:JASO) issued its quarterly earnings data on Wednesday. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.07, AnalystRatingsNetwork.com reports. The company had revenue of $390.50 million for the quarter, compared to the consensus estimate of $394.00 million.
Shares of JA Solar Holdings Co., Ltd. (NASDAQ:JASO) opened at 9.99 on Wednesday. JA Solar Holdings Co., Ltd. has a 1-year low of $7.00 and a 1-year high of $13.14. The stock has a 50-day moving average of $9.44 and a 200-day moving average of $10.01. The company’s market cap is $457.0 million. JA Solar Holdings Co., Ltd. also saw some unusual options trading on Tuesday. Stock investors acquired 7,340 call options on the company. This is an increase of approximately 620% compared to the typical daily volume of 1,019 call options.
JASO has been the subject of a number of recent research reports. Analysts at Axiom Securities downgraded shares of JA Solar Holdings Co., Ltd. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 29th. On the ratings front, analysts at Credit Suisse initiated coverage on shares of JA Solar Holdings Co., Ltd. in a research note on Monday, June 23rd. They set a “neutral” rating on the stock. Finally, 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, June 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $15.33.
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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