JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) traded up 6.7% on Wednesday . The company traded as high as $7.32 and last traded at $7.30. 1,643,620 shares changed hands during mid-day trading, an increase of 196% from the average session volume of 554,681 shares. The stock had previously closed at $6.84.

Several research firms recently weighed in on JASO. Roth Capital set a $7.00 price target on JA Solar Holdings, Co. and gave the company a “hold” rating in a research report on Wednesday, May 24th. Zacks Investment Research lowered JA Solar Holdings, Co. from a “hold” rating to a “sell” rating in a research report on Monday, May 29th. Axiom Securities lowered JA Solar Holdings, Co. from a “hold” rating to a “sell” rating and set a $5.00 price target on the stock. in a research report on Wednesday, August 30th. Credit Suisse Group set a $7.00 price target on JA Solar Holdings, Co. and gave the company a “hold” rating in a research report on Tuesday, August 29th. Finally, BidaskClub lowered JA Solar Holdings, Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. JA Solar Holdings, Co. currently has an average rating of “Hold” and a consensus price target of $6.50.

The firm’s 50 day moving average is $6.39 and its 200-day moving average is $6.32. The stock has a market cap of $346.78 million, a P/E ratio of 4.58 and a beta of 1.33.

JA Solar Holdings, Co. (NASDAQ:JASO) last announced its quarterly earnings data on Tuesday, August 22nd. The solar energy provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.37. JA Solar Holdings, Co. had a return on equity of 7.90% and a net margin of 2.89%. The company had revenue of $878 million for the quarter, compared to analysts’ expectations of $602.53 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. JA Solar Holdings, Co.’s revenue was up 41.8% compared to the same quarter last year. Equities research analysts predict that JA Solar Holdings, Co., Ltd. will post $0.84 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its stake in JA Solar Holdings, Co. by 63.6% in the first quarter. Goldman Sachs Group Inc. now owns 168,289 shares of the solar energy provider’s stock worth $1,101,000 after purchasing an additional 65,436 shares in the last quarter. Parametric Portfolio Associates LLC bought a new position in JA Solar Holdings, Co. in the first quarter worth approximately $622,000. Airain ltd bought a new position in JA Solar Holdings, Co. in the first quarter worth approximately $307,000. Shelton Capital Management grew its stake in JA Solar Holdings, Co. by 100.0% in the first quarter. Shelton Capital Management now owns 100,000 shares of the solar energy provider’s stock worth $654,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in JA Solar Holdings, Co. in the second quarter worth approximately $325,000. 25.97% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “JA Solar Holdings, Co., Ltd. (JASO) Trading 6.7% Higher” was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/09/08/ja-solar-holdings-co-ltd-jaso-trading-6-7-higher-2.html.

About JA Solar Holdings, Co.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.