JA Solar Holdings, Co., Ltd. (NASDAQ:JASO)‘s stock had its “hold” rating restated by equities research analysts at Axiom Securities in a research report issued to clients and investors on Thursday.

JASO has been the subject of a number of other reports. BidaskClub lowered shares of JA Solar Holdings, Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of JA Solar Holdings, Co. from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Roth Capital set a $7.00 price objective on shares of JA Solar Holdings, Co. and gave the company a “hold” rating in a research note on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. JA Solar Holdings, Co. presently has an average rating of “Hold” and a consensus price target of $6.67.

Shares of JA Solar Holdings, Co. (NASDAQ JASO) traded down 2.40% during midday trading on Thursday, hitting $6.09. The stock had a trading volume of 322,495 shares. JA Solar Holdings, Co. has a 52 week low of $4.42 and a 52 week high of $7.88. The company has a market cap of $285.37 million, a price-to-earnings ratio of 3.57 and a beta of 1.34. The stock’s 50-day moving average price is $6.30 and its 200 day moving average price is $6.07.

JA Solar Holdings, Co. (NASDAQ:JASO) last issued its quarterly earnings results on Wednesday, May 24th. The solar energy provider reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. JA Solar Holdings, Co. had a net margin of 3.41% and a return on equity of 7.73%. The company had revenue of $536.40 million during the quarter, compared to analyst estimates of $490.84 million. During the same quarter last year, the business posted $0.36 EPS. JA Solar Holdings, Co.’s quarterly revenue was down .3% compared to the same quarter last year. On average, equities analysts forecast that JA Solar Holdings, Co. will post $0.02 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teza Capital Management LLC acquired a new position in JA Solar Holdings, Co. during the first quarter worth $122,000. FMR LLC acquired a new position in JA Solar Holdings, Co. during the first quarter worth $154,000. Dynamic Technology Lab Private Ltd acquired a new position in JA Solar Holdings, Co. during the first quarter worth $158,000. ClariVest Asset Management LLC raised its position in JA Solar Holdings, Co. by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 35,812 shares of the solar energy provider’s stock worth $234,000 after buying an additional 1,838 shares in the last quarter. Finally, Bank of America Corp DE raised its position in JA Solar Holdings, Co. by 10.5% in the first quarter. Bank of America Corp DE now owns 36,557 shares of the solar energy provider’s stock worth $239,000 after buying an additional 3,465 shares in the last quarter. Institutional investors and hedge funds own 25.12% of the company’s stock.

JA Solar Holdings, Co. Company Profile

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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