JinkoSolar (NYSE:JKS) Sees Large Volume Increase

JinkoSolar Holding Co., Ltd. (NYSE:JKSGet Free Report) saw an uptick in trading volume on Tuesday . 541,659 shares changed hands during trading, a decline of 41% from the previous session’s volume of 918,145 shares.The stock last traded at $28.06 and had previously closed at $28.29.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on JKS shares. The Goldman Sachs Group dropped their price objective on JinkoSolar from $26.00 to $23.00 and set a “sell” rating for the company in a research note on Thursday, April 11th. UBS Group cut their price target on shares of JinkoSolar from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. StockNews.com upgraded shares of JinkoSolar from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Roth Mkm reaffirmed a “neutral” rating and set a $25.00 price target on shares of JinkoSolar in a research note on Tuesday, April 30th. Finally, Roth Capital lowered JinkoSolar from a “buy” rating to a “neutral” rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $26.60.

View Our Latest Research Report on JinkoSolar

JinkoSolar Trading Up 0.2 %

The stock’s fifty day simple moving average is $25.07 and its two-hundred day simple moving average is $28.04. The firm has a market cap of $1.46 billion, a PE ratio of 4.28 and a beta of 0.44. The company has a quick ratio of 0.77, a current ratio of 1.03 and a debt-to-equity ratio of 0.56.

JinkoSolar (NYSE:JKSGet Free Report) last posted its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.83. JinkoSolar had a return on equity of 11.12% and a net margin of 2.74%. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.27 billion. On average, sell-side analysts forecast that JinkoSolar Holding Co., Ltd. will post 2.01 EPS for the current fiscal year.

Institutional Trading of JinkoSolar

Several large investors have recently added to or reduced their stakes in the business. Boston Partners purchased a new stake in shares of JinkoSolar during the first quarter worth about $575,000. Tidal Investments LLC grew its holdings in JinkoSolar by 4.0% during the 1st quarter. Tidal Investments LLC now owns 21,629 shares of the semiconductor company’s stock valued at $545,000 after buying an additional 825 shares in the last quarter. Vanguard Group Inc. raised its position in shares of JinkoSolar by 0.9% during the first quarter. Vanguard Group Inc. now owns 1,591,101 shares of the semiconductor company’s stock valued at $40,080,000 after buying an additional 14,491 shares during the last quarter. Banco BTG Pactual S.A. purchased a new position in shares of JinkoSolar in the first quarter worth $207,000. Finally, GSA Capital Partners LLP boosted its position in shares of JinkoSolar by 372.9% during the first quarter. GSA Capital Partners LLP now owns 77,349 shares of the semiconductor company’s stock worth $1,948,000 after acquiring an additional 60,992 shares during the last quarter. 35.82% of the stock is currently owned by institutional investors.

JinkoSolar Company Profile

(Get Free Report)

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.

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