Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $23.86, but opened at $22.72. JinkoSolar shares last traded at $24.16, with a volume of 246,277 shares traded.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Glj Research cut their price objective on JinkoSolar from $13.08 to $10.95 and set a "sell" rating on the stock in a research report on Thursday, January 23rd. Jefferies Financial Group boosted their price objective on JinkoSolar from $36.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, Daiwa Capital Markets cut JinkoSolar from an "underperform" rating to a "sell" rating in a research report on Friday, January 10th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $28.79.
Get Our Latest Stock Report on JKS
JinkoSolar Price Performance
The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. The business has a 50-day moving average price of $22.97 and a 200 day moving average price of $22.74. The stock has a market cap of $1.12 billion, a PE ratio of 35.80 and a beta of 0.27.
Institutional Trading of JinkoSolar
Hedge funds and other institutional investors have recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co bought a new stake in shares of JinkoSolar during the 4th quarter valued at $55,000. Barclays PLC increased its stake in JinkoSolar by 30.2% in the 3rd quarter. Barclays PLC now owns 2,318 shares of the semiconductor company's stock worth $62,000 after acquiring an additional 537 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in JinkoSolar in the 4th quarter worth about $119,000. New York State Common Retirement Fund bought a new position in JinkoSolar in the 4th quarter worth about $132,000. Finally, Jump Financial LLC bought a new position in JinkoSolar in the 4th quarter worth about $200,000. 35.82% of the stock is currently owned by institutional investors.
About JinkoSolar
(
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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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