JA Solar (NASDAQ:JASO) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday.
Several other research firms have also issued reports on JASO. ValuEngine upgraded JA Solar from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 11th. Axiom Securities reiterated a “sell” rating on shares of JA Solar in a research report on Friday, September 8th. Finally, Zacks Investment Research upgraded JA Solar from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a research report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.81.
JA Solar (NASDAQ JASO) traded up $0.01 during trading on Friday, hitting $7.42. The stock had a trading volume of 499,690 shares, compared to its average volume of 535,775. The firm has a market cap of $353.12, a price-to-earnings ratio of 4.50 and a beta of 1.27. JA Solar has a 52 week low of $4.42 and a 52 week high of $8.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.03 and a quick ratio of 0.70.
Institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Preferred LLC acquired a new position in shares of JA Solar in the 3rd quarter valued at approximately $101,000. Verition Fund Management LLC acquired a new position in shares of JA Solar in the 2nd quarter valued at approximately $185,000. Cubist Systematic Strategies LLC acquired a new position in shares of JA Solar in the 3rd quarter valued at approximately $194,000. Public Employees Retirement System of Ohio grew its position in shares of JA Solar by 10.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 38,400 shares of the solar energy provider’s stock valued at $244,000 after purchasing an additional 3,600 shares during the period. Finally, First Trust Advisors LP grew its position in shares of JA Solar by 16.5% in the 2nd quarter. First Trust Advisors LP now owns 41,844 shares of the solar energy provider’s stock valued at $266,000 after purchasing an additional 5,939 shares during the period. Institutional investors and hedge funds own 30.87% of the company’s stock.
JA Solar 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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