JA Solar Holdings Co. (JASO) Sees Strong Trading Volume
Shares of JA Solar Holdings Co. (NASDAQ:JASO) saw an uptick in trading volume on Wednesday . 1,030,325 shares were traded during trading, an increase of 88% from the previous session’s volume of 548,716 shares.The stock last traded at $7.68 and had previously closed at $7.78.
A number of equities analysts have recently commented on the company. Zacks Investment Research lowered JA Solar Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 7th. Roth Capital lowered JA Solar Holdings from a “buy” rating to a “neutral” rating and cut their price target for the stock from $12.00 to $8.00 in a report on Friday, June 3rd. Finally, Axiom Securities reaffirmed a “sell” rating on shares of JA Solar Holdings in a report on Saturday, April 23rd.
The company has a market capitalization of $361.28 million and a PE ratio of 3.99. The company has a 50-day moving average price of $7.25 and a 200-day moving average price of $8.05.
JA Solar Holdings (NASDAQ:JASO) last issued its quarterly earnings results on Wednesday, August 17th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by $0.38. During the same quarter in the prior year, the company posted $0.27 earnings per share. The firm earned $619 million during the quarter, compared to analysts’ expectations of $698.12 million. On average, equities research analysts anticipate that JA Solar Holdings Co. will post $0.75 EPS for the current fiscal year.
Other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP purchased a new position in shares of JA Solar Holdings during the fourth quarter worth $1,369,000. 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 worth $2,951,000 after buying an additional 289,400 shares during the last quarter. Finally, California Public Employees Retirement System raised its position 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.