JA Solar Holdings Co. (JASO) Sees Strong Trading Volume
JA Solar Holdings Co. (NASDAQ:JASO) saw unusually-strong trading volume on Wednesday . Approximately 1,030,325 shares were traded during mid-day trading, an increase of 88% from the previous session’s volume of 548,716 shares.The stock last traded at $7.68 and had previously closed at $7.78.
A number of equities research analysts have recently issued reports on JASO shares. Credit Suisse Group AG set a $9.70 price target on JA Solar Holdings and gave the company a “hold” rating in a research report on Thursday. Roth Capital lowered JA Solar Holdings from a “buy” rating to a “neutral” rating and dropped their price target for the company from $12.00 to $8.00 in a research report on Friday, June 3rd. Axiom Securities restated a “sell” rating on shares of JA Solar Holdings in a research report on Saturday, April 23rd. Finally, Zacks Investment Research lowered JA Solar Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the company. JA Solar Holdings has an average rating of “Hold” and a consensus price target of $9.49.
The firm has a market capitalization of $366.66 million and a P/E ratio of 4.052. The firm has a 50-day moving average of $7.28 and a 200 day moving average of $8.04.
JA Solar Holdings (NASDAQ:JASO) last announced its quarterly earnings data on Wednesday, August 17th. The company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.38. During the same period last year, the firm posted $0.27 EPS. The business earned $619 million during the quarter. Equities research analysts anticipate that JA Solar Holdings Co. will post $0.75 EPS for the current fiscal year.
A number of large investors have made changes to their positions in the stock. California Public Employees Retirement System raised its stake in shares of JA Solar Holdings by 19.0% in the fourth quarter. California Public Employees Retirement System now owns 310,759 shares of the company’s stock worth $3,014,000 after buying an additional 49,700 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of JA Solar Holdings during the fourth quarter worth $1,369,000. Finally, Russell Frank Co raised its stake in shares of JA Solar Holdings by 1,564.3% in the fourth quarter. Russell Frank Co now owns 307,900 shares of the company’s stock worth $2,951,000 after buying an additional 289,400 shares in the last quarter.
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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