JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report) shares were up 5.6% on Monday . The company traded as high as $23.33 and last traded at $23.01. Approximately 74,891 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 1,019,176 shares. The stock had previously closed at $21.80.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Jefferies Financial Group increased their price objective on JinkoSolar from $36.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Daiwa Capital Markets downgraded shares of JinkoSolar from an "underperform" rating to a "sell" rating in a report on Friday, January 10th. Finally, Glj Research decreased their price target on shares of JinkoSolar from $13.08 to $10.95 and set a "sell" rating on the stock in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, JinkoSolar currently has an average rating of "Hold" and a consensus target price of $28.79.
Check Out Our Latest Report on JinkoSolar
JinkoSolar Price Performance
The firm's 50 day moving average price is $22.08 and its two-hundred day moving average price is $23.02. 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 stock has a market cap of $1.20 billion, a PE ratio of 38.32 and a beta of 0.40.
Institutional Investors Weigh In On JinkoSolar
Several hedge funds have recently bought and sold shares of JKS. SG Americas Securities LLC purchased a new stake in JinkoSolar during the 4th quarter valued at about $1,435,000. State Street Corp boosted its holdings in shares of JinkoSolar by 10.7% during the 3rd quarter. State Street Corp now owns 696,763 shares of the semiconductor company's stock valued at $18,687,000 after buying an additional 67,223 shares in the last quarter. Capital Wealth Planning LLC bought a new stake in JinkoSolar during the fourth quarter worth about $752,000. Verition Fund Management LLC purchased a new stake in shares of JinkoSolar in the 3rd quarter worth approximately $682,000. Finally, Geode Capital Management LLC grew its stake in shares of JinkoSolar by 19.7% in the third quarter. Geode Capital Management LLC now owns 44,613 shares of the semiconductor company's stock worth $1,197,000 after acquiring an additional 7,333 shares during the last quarter. 35.82% of the stock is currently owned by institutional investors.
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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