Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.52 and traded as high as $23.06. JinkoSolar shares last traded at $22.60, with a volume of 786,950 shares trading hands.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Glj Research dropped their price target on shares of JinkoSolar from $13.08 to $10.95 and set a "sell" rating on the stock in a research report on Thursday, January 23rd. Daiwa Capital Markets lowered shares of JinkoSolar from an "underperform" rating to a "sell" rating in a research note on Friday, January 10th. Finally, Jefferies Financial Group raised their target price on shares of JinkoSolar from $36.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $28.79.
Check Out Our Latest Stock Report on JinkoSolar
JinkoSolar Trading Down 2.5 %
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 stock has a market cap of $1.23 billion, a price-to-earnings ratio of 39.12 and a beta of 0.27. The company has a fifty day simple moving average of $23.39 and a 200-day simple moving average of $22.54.
Institutional Trading of JinkoSolar
Hedge funds and other institutional investors have recently modified their holdings of the business. Signaturefd LLC lifted its stake in JinkoSolar by 108.0% in the 3rd quarter. Signaturefd LLC now owns 1,246 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 647 shares in the last quarter. CANADA LIFE ASSURANCE Co acquired a new position in shares of JinkoSolar in the 4th quarter valued at about $55,000. Barclays PLC lifted its position in shares of JinkoSolar by 30.2% in the third quarter. Barclays PLC now owns 2,318 shares of the semiconductor company's stock worth $62,000 after purchasing an additional 537 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of JinkoSolar during the fourth quarter worth approximately $119,000. Finally, New York State Common Retirement Fund purchased a new position in JinkoSolar during the fourth quarter valued at approximately $132,000. Institutional investors and hedge funds own 35.82% of the company's stock.
JinkoSolar Company Profile
(
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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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