JA Solar Holdings Co. (JASO) Shares Up 1.9%
Shares of JA Solar Holdings Co. (NASDAQ:JASO) shot up 1.9% during trading on Friday . The company traded as high as $7.70 and last traded at $7.63, with a volume of 213,274 shares. The stock had previously closed at $7.49.
A number of research firms have commented on JASO. Credit Suisse Group AG set a $9.70 target price on JA Solar Holdings and gave the stock a “hold” rating in a research report on Thursday, August 18th. Roth Capital downgraded JA Solar Holdings from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $12.00 to $8.00 in a research report on Friday, June 3rd. Finally, Zacks Investment Research downgraded JA Solar Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the stock. JA Solar Holdings presently has an average rating of “Hold” and a consensus price target of $9.49.
The company has a market cap of $358.00 million and a price-to-earnings ratio of 3.75. The stock’s 50 day moving average is $7.38 and its 200 day moving average is $8.01.
JA Solar Holdings (NASDAQ:JASO) last announced its quarterly earnings results on Wednesday, August 17th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by $0.38. The firm earned $619 million during the quarter. During the same quarter in the previous year, the business posted $0.27 EPS. Analysts anticipate that JA Solar Holdings Co. will post $0.82 EPS for the current fiscal year.
An institutional investor recently bought a new position in JA Solar Holdings stock. Marshall Wace LLP bought a new stake in shares of JA Solar Holdings Co. (NASDAQ:JASO) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 141,156 shares of the company’s stock, valued at approximately $1,369,000. Marshall Wace LLP owned approximately 0.29% of JA Solar Holdings as of its most recent filing with the SEC.
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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