JA Solar Holdings Co. (NASDAQ:JASO) dropped 4.4% during mid-day trading on Wednesday . The company traded as low as $7.61 and last traded at $7.63, with a volume of 375,126 shares. The stock had previously closed at $7.98.

A number of equities research analysts recently weighed in on JASO shares. Zacks Investment Research cut JA Solar Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 7th. Axiom Securities restated a “sell” rating on shares of JA Solar Holdings in a research note on Saturday, April 23rd. Finally, Roth Capital cut JA Solar Holdings from a “buy” rating to a “neutral” rating and dropped their price target for the company from $12.00 to $8.00 in a research note on Friday, June 3rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $9.59.

The stock has a market cap of $356.59 million and a PE ratio of 3.94. The company’s 50-day moving average price is $7.07 and its 200 day moving average price is $8.09.

JA Solar Holdings (NASDAQ:JASO) last announced its quarterly earnings data on Friday, May 27th. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.05. During the same period in the previous year, the business earned $0.13 earnings per share. The firm earned $538.10 million during the quarter. On average, equities research analysts predict that JA Solar Holdings Co. will post $0.75 earnings per share for the current year.

A number of large investors have recently made changes to their positions in JASO. Marshall Wace LLP purchased a new stake in shares of JA Solar Holdings during the fourth quarter worth approximately $1,369,000. Morgan Stanley boosted 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 period. California Public Employees Retirement System boosted 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 period. Finally, Russell Frank Co boosted its stake 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 worth $2,951,000 after buying an additional 289,400 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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