Shares of JA Solar Holdings Co. (NASDAQ:JASO) dropped 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 changing hands. The stock had previously closed at $6.97.

Several analysts have recently weighed in on the company. Axiom Securities restated a “sell” rating on shares of JA Solar Holdings in a research note on Friday, April 1st. Zacks Investment Research downgraded JA Solar Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 7th. Finally, Roth Capital downgraded JA Solar Holdings from a “buy” rating to a “neutral” rating and lowered their target price for the company from $12.00 to $8.00 in a research note on Friday, June 3rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. JA Solar Holdings has a consensus rating of “Hold” and a consensus target price of $9.59.

The company has a 50-day moving average price of $7.02 and a 200-day moving average price of $8.28. The stock has a market capitalization of $320.04 million and a price-to-earnings ratio of 3.57.

JA Solar Holdings (NASDAQ:JASO) last posted its quarterly earnings results on Friday, May 27th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.31 by $0.05. The company had revenue of $538.10 million for the quarter. During the same quarter in the prior year, the company posted $0.13 EPS. Analysts anticipate that JA Solar Holdings Co. will post $1.64 EPS for the current fiscal year.

Other institutional investors recently bought and sold shares of the company. Marshall Wace LLP bought a new position in JA Solar Holdings during the fourth quarter valued at approximately $1,369,000. Russell Frank Co boosted its position 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 valued at $2,951,000 after buying an additional 289,400 shares in the last quarter. California Public Employees Retirement System boosted its position 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 valued at $3,014,000 after buying an additional 49,700 shares in the last quarter. GSA Capital Partners LLP boosted its position 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 valued at $5,831,000 after buying an additional 337,473 shares in the last quarter. Finally, Morgan Stanley boosted its position in JA Solar Holdings by 65.7% in the fourth quarter. Morgan Stanley now owns 1,144,199 shares of the company’s stock valued at $11,099,000 after buying an additional 453,579 shares in the last quarter.

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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