Yingli Green Energy Holding Co. (YGE) Sees Unusually-High Trading Volume
Shares of Yingli Green Energy Holding Co. (NYSE:YGE) saw an uptick in trading volume on Monday . 116,534 shares changed hands during mid-day trading, an increase of 13% from the previous session’s volume of 103,227 shares.The stock last traded at $4.35 and had previously closed at $4.40.
Several brokerages recently weighed in on YGE. Credit Suisse Group AG cut their price objective on shares of Yingli Green Energy Holding from $3.00 to $2.50 and set an “underperform” rating on the stock in a research report on Thursday. Zacks Investment Research downgraded shares of Yingli Green Energy Holding from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th. Finally, Roth Capital restated a “sell” rating and set a $3.50 price target (up from $3.10) on shares of Yingli Green Energy Holding in a research report on Wednesday, June 15th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Yingli Green Energy Holding currently has a consensus rating of “Hold” and an average price target of $5.95.
The firm’s market cap is $78.16 million. The stock has a 50-day moving average of $4.02 and a 200 day moving average of $4.19.
Yingli Green Energy Holding (NYSE:YGE) last announced its quarterly earnings results on Tuesday, June 14th. The company reported ($0.60) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.20) by $0.60. The business earned $364.60 million during the quarter. During the same quarter in the previous year, the business earned ($0.31) earnings per share. Yingli Green Energy Holding’s revenue for the quarter was down 22.2% on a year-over-year basis. Equities analysts expect that Yingli Green Energy Holding Co. will post ($1.39) earnings per share 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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