JA Solar Holdings Co. (JASO) Sets New 52-Week Low at $5.67
JA Solar Holdings Co. (NASDAQ:JASO) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $5.67 and last traded at $5.72, with a volume of 355,156 shares changing hands. The stock had previously closed at $5.83.
Several research firms have recently issued reports on JASO. Roth Capital downgraded JA Solar Holdings from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $12.00 to $8.00 in a research note on Friday, June 3rd. Credit Suisse Group AG set a $9.70 target price on shares of JA Solar Holdings and gave the company a “hold” rating in a research report on Thursday, August 18th. Finally, Zacks Investment Research downgraded shares of JA Solar Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.49.
The firm’s 50 day moving average price is $7.36 and its 200-day moving average price is $7.79. The stock has a market capitalization of $268.03 million, a price-to-earnings ratio of 2.83 and a beta of 2.45.
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JA Solar Holdings (NASDAQ:JASO) last issued its quarterly earnings data on Wednesday, August 17th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by $0.38. JA Solar Holdings had a return on equity of 11.39% and a net margin of 4.85%. The firm earned $619 million during the quarter. During the same quarter in the prior year, the company earned $0.27 EPS. On average, analysts forecast that JA Solar Holdings Co. will post $0.82 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Numeric Investors LLC increased its stake in JA Solar Holdings by 155.8% in the second quarter. Numeric Investors LLC now owns 2,156,163 shares of the company’s stock valued at $14,770,000 after buying an additional 1,313,102 shares during the last quarter. Guggenheim Capital LLC increased its stake in JA Solar Holdings by 19.7% in the second quarter. Guggenheim Capital LLC now owns 1,340,585 shares of the company’s stock valued at $9,183,000 after buying an additional 220,544 shares during the last quarter. Prudential Financial Inc. increased its stake in JA Solar Holdings by 3.9% in the second quarter. Prudential Financial Inc. now owns 835,900 shares of the company’s stock valued at $5,726,000 after buying an additional 31,400 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in JA Solar Holdings during the second quarter valued at $4,383,000. Finally, Shah Capital Management bought a new stake in JA Solar Holdings during the second quarter valued at $3,014,000. 31.65% of the stock is owned by institutional investors.
About JA Solar Holdings
JA Solar Holdings Co, Ltd. is a holding company. The Company designs, develops, manufactures and sells solar power products that convert sunlight into electricity for a range of uses. The Company is engaged in manufacturing and selling solar modules, as well as silicon wafer manufacturing. The Company operates through two segments, including manufacturing and solar projects.
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