JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The company traded as low as $16.30 and last traded at $16.92, with a volume of 26101 shares. The stock had previously closed at $17.53.
Analyst Ratings Changes
JKS has been the topic of a number of recent research reports. Daiwa Capital Markets lowered JinkoSolar from an "underperform" rating to a "sell" rating in a report on Friday, January 10th. Glj Research dropped their price objective on JinkoSolar from $13.08 to $10.95 and set a "sell" rating on the stock in a research note on Thursday, January 23rd. UBS Group lowered their target price on shares of JinkoSolar from $25.00 to $22.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Finally, The Goldman Sachs Group cut their price target on shares of JinkoSolar from $20.00 to $18.00 and set a "sell" rating for the company in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $27.19.
Get Our Latest Analysis on JinkoSolar
JinkoSolar Stock Performance
The stock has a market capitalization of $804.50 million, a P/E ratio of 25.66 and a beta of 0.17. The company's fifty day simple moving average is $21.15 and its two-hundred day simple moving average is $23.01. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.22.
JinkoSolar (NYSE:JKS - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The semiconductor company reported ($1.01) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.55). The company had revenue of $20.65 billion during the quarter, compared to the consensus estimate of $3.38 billion. JinkoSolar had a net margin of 0.53% and a return on equity of 4.18%. The company's quarterly revenue was down 37.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. As a group, equities analysts forecast that JinkoSolar Holding Co., Ltd. will post -0.24 EPS for the current year.
Hedge Funds Weigh In On JinkoSolar
Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC grew its position in JinkoSolar by 30.2% in the third quarter. Barclays PLC now owns 2,318 shares of the semiconductor company's stock valued at $62,000 after acquiring an additional 537 shares during the last quarter. CoreCommodity Management LLC lifted its stake in shares of JinkoSolar by 1.1% in the 4th quarter. CoreCommodity Management LLC now owns 61,559 shares of the semiconductor company's stock valued at $1,533,000 after acquiring an additional 640 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of JinkoSolar by 5.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 20,289 shares of the semiconductor company's stock valued at $532,000 after acquiring an additional 1,028 shares in the last quarter. CANADA LIFE ASSURANCE Co bought a new stake in shares of JinkoSolar during the fourth quarter worth about $55,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in JinkoSolar by 85.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,697 shares of the semiconductor company's stock worth $217,000 after acquiring an additional 3,998 shares during the last quarter. 35.82% of the stock is currently owned by institutional investors and hedge funds.
About JinkoSolar
(
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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