JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $23.25, but opened at $23.89. JinkoSolar shares last traded at $23.73, with a volume of 58,767 shares trading hands.
Analyst Upgrades and Downgrades
JKS has been the subject of several recent analyst reports. Daiwa Capital Markets downgraded JinkoSolar from an "underperform" rating to a "sell" rating in a research note on Friday, January 10th. Glj Research decreased their price target on JinkoSolar from $13.08 to $10.95 and set a "sell" rating for the company in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group upped their price target on JinkoSolar from $36.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $28.49.
Read Our Latest Stock Analysis on JinkoSolar
JinkoSolar Stock Performance
The firm has a 50 day moving average of $22.03 and a two-hundred day moving average of $23.12. The stock has a market cap of $1.20 billion, a P/E ratio of 38.32 and a beta of 0.40. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.22.
Institutional Trading of JinkoSolar
Hedge funds have recently added to or reduced their stakes in the business. CANADA LIFE ASSURANCE Co bought a new stake in JinkoSolar during the 4th quarter valued at approximately $55,000. Barclays PLC increased its holdings in JinkoSolar by 30.2% during the 3rd quarter. Barclays PLC now owns 2,318 shares of the semiconductor company's stock valued at $62,000 after purchasing an additional 537 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in JinkoSolar during the 4th quarter valued at $119,000. New York State Common Retirement Fund acquired a new stake in JinkoSolar during the 4th quarter valued at $132,000. Finally, Banque Cantonale Vaudoise boosted its position in JinkoSolar by 198.1% in the 3rd quarter. Banque Cantonale Vaudoise now owns 7,923 shares of the semiconductor company's stock valued at $212,000 after buying an additional 5,265 shares during the last quarter. Institutional investors own 35.82% of the company's stock.
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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