Yingli Green Energy Holding Co. (YGE) Shares Down 5.3%
Yingli Green Energy Holding Co. (NYSE:YGE)’s share price dropped 5.3% during trading on Tuesday . The stock traded as low as $3.84 and last traded at $3.90, with a volume of 114,476 shares changing hands. The stock had previously closed at $4.12.
YGE has been the subject of several research analyst reports. Zacks Investment Research cut Yingli Green Energy Holding from a “buy” rating to a “hold” rating in a research note on Wednesday, March 9th. Axiom Securities reiterated a “sell” rating on shares of Yingli Green Energy Holding in a research note on Friday, April 1st. Finally, Roth Capital reiterated a “sell” rating and set a $3.50 target price (up from $3.10) on shares of Yingli Green Energy Holding in a research note on Wednesday, June 15th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Yingli Green Energy Holding currently has a consensus rating of “Hold” and an average price target of $6.95.
The stock’s market cap is $72.89 million. The stock’s 50 day moving average is $3.95 and its 200-day moving average is $4.26.
Yingli Green Energy Holding (NYSE:YGE) last issued its quarterly earnings data on Tuesday, June 14th. The company reported ($0.60) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.20) by $0.60. During the same quarter last year, the firm earned ($0.31) earnings per share. The company earned $364.60 million during the quarter. The business’s quarterly revenue was down 22.2% compared to the same quarter last year. On average, equities research analysts predict that Yingli Green Energy Holding Co. will post ($0.72) earnings per share for the current 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.