JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $22.66 and traded as high as $24.46. JinkoSolar shares last traded at $23.83, with a volume of 1,241,691 shares changing hands.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on JKS. Glj Research lowered their price target on JinkoSolar from $13.08 to $10.95 and set a "sell" rating on the stock in a research note on Thursday, January 23rd. Daiwa Capital Markets cut JinkoSolar from an "underperform" rating to a "sell" rating in a research report on Friday, January 10th. Finally, Jefferies Financial Group boosted their price target on shares of JinkoSolar from $36.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $28.79.
Read Our Latest Analysis on JinkoSolar
JinkoSolar Stock Down 4.5 %
The business has a 50-day simple moving average of $23.05 and a two-hundred day simple moving average of $22.71. The stock has a market capitalization of $1.20 billion, a P/E ratio of 38.30 and a beta of 0.27. The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.81.
Institutional Investors Weigh In On JinkoSolar
Large investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of JinkoSolar during the fourth quarter worth approximately $1,435,000. State Street Corp grew its position in JinkoSolar by 10.7% during the 3rd quarter. State Street Corp now owns 696,763 shares of the semiconductor company's stock worth $18,687,000 after acquiring an additional 67,223 shares during the last quarter. Verition Fund Management LLC bought a new stake in JinkoSolar during the 3rd quarter worth approximately $682,000. Geode Capital Management LLC increased its holdings in JinkoSolar by 19.7% during the 3rd quarter. Geode Capital Management LLC now owns 44,613 shares of the semiconductor company's stock valued at $1,197,000 after purchasing an additional 7,333 shares in the last quarter. Finally, Barclays PLC raised its position in JinkoSolar by 30.2% in 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 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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