JA Solar Holdings Co. (JASO) Stock Price Down 3.3%
JA Solar Holdings Co. (NASDAQ:JASO)’s share price dropped 3.3% during 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 topic of several research reports. Zacks Investment Research downgraded shares of JA Solar Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 7th. Roth Capital cut shares of JA Solar Holdings from a “buy” rating to a “neutral” rating and reduced their target price for the company from $12.00 to $8.00 in a research report on Friday, June 3rd. Finally, 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. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $9.49.
The stock’s 50 day moving average price is $7.43 and its 200 day moving average price is $7.99. The firm has a market capitalization of $346.51 million and a P/E ratio of 3.629.
JA Solar Holdings (NASDAQ:JASO) last issued its quarterly earnings results on Wednesday, August 17th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.38. The firm earned $619 million during the quarter. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Equities analysts forecast that JA Solar Holdings Co. will post $0.82 EPS for the current year.
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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