JinkoSolar Holding Co. (NYSE:JKS) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $14.95 and last traded at $15.08, with a volume of 358,261 shares trading hands. The stock had previously closed at $15.34.

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of JinkoSolar Holding from a “neutral” rating to an “overweight” rating in a research note on Thursday, June 9th. Roth Capital reaffirmed a “buy” rating and set a $30.00 price objective (down previously from $35.00) on shares of JinkoSolar Holding in a research note on Sunday, June 5th. Zacks Investment Research downgraded shares of JinkoSolar Holding from a “hold” rating to a “sell” rating in a research note on Monday, June 20th. Credit Suisse Group AG dropped their price objective on shares of JinkoSolar Holding from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, August 18th. Finally, Morgan Stanley set a $27.20 price objective on shares of JinkoSolar Holding and gave the company a “buy” rating in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $29.28.

The firm has a 50-day moving average price of $18.24 and a 200-day moving average price of $20.23. The company has a market capitalization of $458.19 million, a PE ratio of 2.75 and a beta of 3.90.

Institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can bought a new position in JinkoSolar Holding during the second quarter worth $132,000. Public Employees Retirement System of Ohio raised its position in JinkoSolar Holding by 102.5% in the second quarter. Public Employees Retirement System of Ohio now owns 8,100 shares of the company’s stock worth $165,000 after buying an additional 4,100 shares during the period. Guinness Asset Management Ltd raised its position in JinkoSolar Holding by 13.4% in the second quarter. Guinness Asset Management Ltd now owns 8,490 shares of the company’s stock worth $173,000 after buying an additional 1,000 shares during the period. BlackRock Inc. raised its position in JinkoSolar Holding by 137.4% in the first quarter. BlackRock Inc. now owns 8,304 shares of the company’s stock worth $173,000 after buying an additional 4,806 shares during the period. Finally, Bank of New York Mellon Corp raised its position in JinkoSolar Holding by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 10,972 shares of the company’s stock worth $224,000 after buying an additional 562 shares during the period. Institutional investors and hedge funds own 19.67% of the company’s stock.

About JinkoSolar Holding

JinkoSolar Holding Co, Ltd. operates in the photovoltaic (PV) industry. The Company has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. The Company’s segments include the manufacturing segment and the solar power projects segment.

5 Day Chart for NYSE:JKS

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