JA Solar Holdings Co. (NASDAQ:JASO) dropped 3.3% during mid-day trading on Monday . The stock traded as low as $7.36 and last traded at $7.39, with a volume of 358,323 shares trading hands. The stock had previously closed at $7.64.

JASO has been the subject of several research analyst reports. Zacks Investment Research lowered shares of JA Solar Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 7th. Credit Suisse Group AG set a $9.70 target price on shares of JA Solar Holdings and gave the company a “hold” rating in a research report on Thursday, August 18th. Finally, Roth Capital lowered shares of JA Solar Holdings from a “buy” rating to a “neutral” rating and dropped their target price for the company from $12.00 to $8.00 in a research report on Friday, June 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a strong buy rating to the company. JA Solar Holdings currently has a consensus rating of “Hold” and an average price target of $9.49.

The company has a 50-day moving average of $7.41 and a 200-day moving average of $8.00. The firm has a market cap of $347.69 million and a PE ratio of 3.64.

JA Solar Holdings (NASDAQ:JASO) last released its 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 business earned $619 million during the quarter. During the same period last year, the business earned $0.27 EPS. On average, analysts predict that JA Solar Holdings Co. will post $0.82 EPS for the current fiscal year.

A hedge fund recently bought a new stake in JA Solar Holdings stock. Marshall Wace LLP purchased 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 fund purchased 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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