JA Solar Holdings Co. (JASO) Sees Unusually-High Trading Volume
Shares of JA Solar Holdings Co. (NASDAQ:JASO) saw an uptick in trading volume on Tuesday . 538,127 shares changed hands during mid-day trading, an increase of 16% from the previous session’s volume of 464,784 shares.The stock last traded at $7.51 and had previously closed at $7.60.
A number of brokerages have recently commented on JASO. Roth Capital lowered JA Solar Holdings from a “buy” rating to a “neutral” rating and cut their price target for the company from $12.00 to $8.00 in a report on Friday, June 3rd. Axiom Securities restated a “sell” rating on shares of JA Solar Holdings in a report on Saturday, April 23rd. Finally, Zacks Investment Research lowered 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 given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.59.
The company has a market cap of $353.31 million and a price-to-earnings ratio of 3.92. The stock has a 50 day moving average of $6.90 and a 200-day moving average of $8.12.
JA Solar Holdings (NASDAQ:JASO) last announced its earnings results on Friday, May 27th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.05. The company had revenue of $538.10 million for the quarter. During the same period in the prior year, the company posted $0.13 earnings per share. Equities research analysts expect that JA Solar Holdings Co. will post $0.75 EPS for the current fiscal year.
A number of hedge funds and institutional investors recently made changes to their positions in JASO. Russell Frank Co raised its position in shares of 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. Marshall Wace LLP acquired a new stake in shares of JA Solar Holdings during the fourth quarter worth $1,369,000. Morgan Stanley increased its stake in shares of 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 last quarter. Finally, California Public Employees Retirement System increased its stake in shares of 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 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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