Glj Research Cuts JinkoSolar (NYSE:JKS) Price Target to $10.95

JinkoSolar (NYSE:JKS - Free Report) had its target price cut by Glj Research from $13.08 to $10.95 in a research note released on Thursday morning,Benzinga reports. They currently have a sell rating on the semiconductor company's stock.

JKS has been the subject of several other reports. Jefferies Financial Group boosted their target price on JinkoSolar from $36.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Daiwa Capital Markets downgraded shares of JinkoSolar from an "underperform" rating to a "sell" rating in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $28.42.

JinkoSolar Trading Up 2.4 %

JKS traded up $0.50 during trading hours on Thursday, reaching $21.00. The company's stock had a trading volume of 1,194,492 shares, compared to its average volume of 950,659. The business's 50-day moving average is $24.45 and its 200-day moving average is $22.51. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.22 and a quick ratio of 0.97. The stock has a market cap of $1.12 billion, a PE ratio of 35.59 and a beta of 0.30. JinkoSolar has a fifty-two week low of $16.70 and a fifty-two week high of $37.36.

Institutional Trading of JinkoSolar

Several large investors have recently bought and sold shares of JKS. SG Americas Securities LLC acquired a new position in shares of JinkoSolar in the 4th quarter worth approximately $1,435,000. Green Alpha Advisors LLC grew its holdings in shares of JinkoSolar by 15.4% during the fourth quarter. Green Alpha Advisors LLC now owns 82,531 shares of the semiconductor company's stock valued at $2,055,000 after purchasing an additional 10,983 shares during the last quarter. Barclays PLC raised its position in shares of JinkoSolar by 30.2% during the 3rd quarter. Barclays PLC now owns 2,318 shares of the semiconductor company's stock worth $62,000 after purchasing an additional 537 shares during the period. Geode Capital Management LLC lifted its holdings in shares of JinkoSolar by 19.7% in the 3rd quarter. Geode Capital Management LLC now owns 44,613 shares of the semiconductor company's stock worth $1,197,000 after purchasing an additional 7,333 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in JinkoSolar during the 3rd quarter worth $928,000. Institutional investors and hedge funds own 35.82% of the company's stock.

About JinkoSolar

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.