JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.35 and traded as high as $27.08. JinkoSolar shares last traded at $25.47, with a volume of 687,814 shares changing hands.
Analysts Set New Price Targets
Several research analysts have weighed in on JKS shares. StockNews.com raised JinkoSolar from a "sell" rating to a "hold" rating in a research report on Wednesday, September 18th. Roth Mkm cut their price target on shares of JinkoSolar from $25.00 to $20.00 and set a "neutral" rating on the stock in a report on Wednesday, September 4th. Jefferies Financial Group raised their price objective on shares of JinkoSolar from $36.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Finally, The Goldman Sachs Group dropped their target price on shares of JinkoSolar from $21.00 to $18.00 and set a "sell" rating on the stock in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $31.33.
View Our Latest Research Report on JinkoSolar
JinkoSolar Stock Performance
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 firm has a market capitalization of $1.28 billion, a PE ratio of 40.71 and a beta of 0.35. The company's fifty day simple moving average is $23.92 and its 200 day simple moving average is $22.37.
Institutional Trading of JinkoSolar
A number of institutional investors have recently modified their holdings of the business. Decade Renewable Partners LP bought a new position in JinkoSolar in the 2nd quarter worth about $4,272,000. Millennium Management LLC lifted its holdings in shares of JinkoSolar by 2,305.1% in the second quarter. Millennium Management LLC now owns 168,911 shares of the semiconductor company's stock worth $3,500,000 after buying an additional 161,888 shares in the last quarter. Marshall Wace LLP boosted its position in shares of JinkoSolar by 49.5% in the second quarter. Marshall Wace LLP now owns 447,709 shares of the semiconductor company's stock valued at $9,277,000 after acquiring an additional 148,268 shares during the period. Point72 Europe London LLP purchased a new position in JinkoSolar during the second quarter valued at approximately $3,023,000. Finally, Dimensional Fund Advisors LP increased its holdings in JinkoSolar by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 981,492 shares of the semiconductor company's stock worth $20,357,000 after acquiring an additional 74,219 shares during the period. 35.82% of the stock is currently owned by hedge funds and other institutional investors.
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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