Yingli Green Energy Holding Co. (YGE) Trading Down 2.7%
Yingli Green Energy Holding Co. (NYSE:YGE) shares traded down 2.7% during mid-day trading on Tuesday . The company traded as low as $4.18 and last traded at $4.27, with a volume of 121,129 shares trading hands. The stock had previously closed at $4.39.
A number of research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Yingli Green Energy Holding from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a research note on Wednesday, May 18th. Roth Capital reissued a “sell” rating and issued a $3.50 price objective (up from $3.10) on shares of Yingli Green Energy Holding in a research note on Wednesday, June 15th. Finally, Axiom Securities reissued a “sell” rating on shares of Yingli Green Energy Holding in a research note on Saturday, April 23rd. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $6.95.
The firm’s 50 day moving average price is $3.98 and its 200 day moving average price is $4.20. The company’s market cap is $77.25 million.
Yingli Green Energy Holding (NYSE:YGE) last announced its quarterly earnings results on Tuesday, June 14th. The company reported ($0.60) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.20) by $0.60. During the same quarter in the prior year, the firm earned ($0.31) EPS. The business had revenue of $364.60 million for the quarter. The company’s quarterly revenue was down 22.2% compared to the same quarter last year. Equities research analysts expect that Yingli Green Energy Holding Co. will post ($0.72) EPS for the current fiscal year.
Yingli Green Energy Holding Company Limited is a solar panel manufacturer. The Company’s manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. The Company’s end products include photovoltaic (PV) modules and PV systems of different sizes and power outputs.
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