Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) were down 3.9% during trading on Thursday . The company traded as low as $18.14 and last traded at $17.45. Approximately 1,220,994 shares changed hands during mid-day trading, an increase of 91% from the average daily volume of 640,788 shares. The stock had previously closed at $18.16.

A number of analysts recently commented on JKS shares. Zacks Investment Research upgraded shares of JinkoSolar from a “strong sell” rating to a “hold” rating in a report on Thursday, November 23rd. ValuEngine lowered shares of JinkoSolar from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Goldman Sachs Group assumed coverage on shares of JinkoSolar in a report on Tuesday, January 9th. They set a “sell” rating and a $16.00 price target on the stock. Vertical Group assumed coverage on shares of JinkoSolar in a report on Friday, February 2nd. They set a “sell” rating on the stock. Finally, Vertical Research assumed coverage on shares of JinkoSolar in a report on Friday, February 2nd. They set a “sell” rating on the stock. Seven equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. JinkoSolar currently has a consensus rating of “Sell” and an average price target of $19.14.

The company has a current ratio of 1.02, a quick ratio of 0.77 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $556.56, a price-to-earnings ratio of 28.16, a PEG ratio of 1.53 and a beta of 1.60.

JinkoSolar (NYSE:JKS) last released its quarterly earnings results on Thursday, December 7th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.13). JinkoSolar had a net margin of 4.36% and a return on equity of 3.99%. The firm had revenue of $964.80 million for the quarter, compared to analyst estimates of $849.17 million. During the same quarter in the prior year, the firm earned $1.40 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. sell-side analysts expect that JinkoSolar Holding Co., Ltd. will post 0.77 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in JKS. JPMorgan Chase & Co. purchased a new position in JinkoSolar during the second quarter valued at approximately $377,000. Teachers Advisors LLC purchased a new position in JinkoSolar during the second quarter valued at approximately $2,018,000. TIAA CREF Investment Management LLC grew its position in JinkoSolar by 1,601.1% during the second quarter. TIAA CREF Investment Management LLC now owns 314,700 shares of the semiconductor company’s stock valued at $6,546,000 after purchasing an additional 296,200 shares in the last quarter. FMR LLC grew its position in JinkoSolar by 89.5% during the second quarter. FMR LLC now owns 41,500 shares of the semiconductor company’s stock valued at $863,000 after purchasing an additional 19,600 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in JinkoSolar by 15.4% during the second quarter. California Public Employees Retirement System now owns 54,100 shares of the semiconductor company’s stock valued at $1,125,000 after purchasing an additional 7,200 shares in the last quarter. 21.30% of the stock is currently owned by hedge funds and other institutional investors.

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About JinkoSolar

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.

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