JA Solar Holdings Co. (JASO) Shares Down 2.2%
JA Solar Holdings Co. (NASDAQ:JASO)’s share price fell 2.2% during mid-day trading on Friday . The stock traded as low as $6.82 and last traded at $6.82, with a volume of 408,760 shares trading hands. The stock had previously closed at $6.97.
Several brokerages recently issued reports on JASO. Axiom Securities reissued a “sell” rating on shares of JA Solar Holdings in a report on Friday, April 1st. Roth Capital lowered shares of JA Solar Holdings from a “buy” rating to a “neutral” rating and cut their price objective for the company from $12.00 to $8.00 in a report on Friday, June 3rd. Finally, Zacks Investment Research lowered shares of JA Solar Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 7th. Two analysts have rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. JA Solar Holdings presently has a consensus rating of “Hold” and a consensus price target of $9.59.
The stock has a 50-day moving average of $7.02 and a 200-day moving average of $8.28. The stock has a market cap of $320.04 million and a price-to-earnings ratio of 3.56.
JA Solar Holdings (NASDAQ:JASO) last issued its quarterly earnings data on Friday, May 27th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.31 by $0.05. The company earned $538.10 million during the quarter. During the same quarter in the prior year, the company posted $0.13 EPS. On average, equities research analysts anticipate that JA Solar Holdings Co. will post $1.64 EPS for the current fiscal year.
Several institutional investors recently modified their holdings of the company. Marshall Wace LLP bought a new position in shares of JA Solar Holdings during the fourth quarter valued at approximately $1,369,000. Russell Frank Co raised its stake in JA Solar Holdings by 1,564.3% in the fourth quarter. Russell Frank Co now owns 307,900 shares of the company’s stock worth $2,951,000 after buying an additional 289,400 shares during the period. California Public Employees Retirement System raised its stake in JA Solar Holdings by 19.0% in the fourth quarter. California Public Employees Retirement System now owns 310,759 shares of the company’s stock worth $3,014,000 after buying an additional 49,700 shares during the period. GSA Capital Partners LLP raised its stake in JA Solar Holdings by 128.0% in the fourth quarter. GSA Capital Partners LLP now owns 601,083 shares of the company’s stock worth $5,831,000 after buying an additional 337,473 shares during the period. Finally, Morgan Stanley raised its stake in JA Solar Holdings by 65.7% in the fourth quarter. Morgan Stanley now owns 1,144,199 shares of the company’s stock worth $11,099,000 after buying an additional 453,579 shares during the period.
JA Solar Holdings Co, Ltd. is a holding company. The Company designs, develops, manufactures and sells solar power products that convert sunlight into electricity for a range of uses. The Company is engaged in manufacturing and selling solar modules, as well as silicon wafer manufacturing. The Company operates through two segments, including manufacturing and solar projects.
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