Yingli Green Energy Holding Co. (YGE) Sees Unusually-High Trading Volume
Yingli Green Energy Holding Co. (NYSE:YGE) shares saw strong trading volume on Wednesday . 140,852 shares changed hands during trading, an increase of 50% from the previous session’s volume of 93,901 shares.The stock last traded at $4.03 and had previously closed at $3.82.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Yingli Green Energy Holding from a “hold” rating to a “buy” rating and set a $3.75 price target on the stock in a research note on Wednesday, May 18th. Roth Capital reaffirmed a “sell” rating and set a $3.50 price target (up from $3.10) on shares of Yingli Green Energy Holding in a research note on Wednesday, June 15th. Finally, Axiom Securities reaffirmed a “sell” rating on shares of Yingli Green Energy Holding in a research note on Saturday, April 23rd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $6.95.
The firm has a 50-day moving average of $3.98 and a 200 day moving average of $4.20. The company’s market cap is $72.89 million.
Yingli Green Energy Holding (NYSE:YGE) last issued its quarterly earnings results on Tuesday, June 14th. The company reported ($0.60) EPS for the quarter, topping the consensus estimate of ($1.20) by $0.60. The business earned $364.60 million during the quarter. During the same quarter in the previous year, the business posted ($0.31) EPS. The company’s quarterly revenue was down 22.2% compared to the same quarter last year. Equities research analysts anticipate 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.
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