JA Solar Holdings Co. (JASO) Stock Rating Lowered by Axiom Securities
JA Solar Holdings Co. (NASDAQ:JASO) was downgraded by research analysts at Axiom Securities from a “buy” rating to a “sell” rating in a note issued to investors on Friday.
Separately, Credit Suisse Group AG set a $9.70 price target on JA Solar Holdings and gave the stock a “hold” rating in a research report on Thursday, August 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $9.62.
Shares of JA Solar Holdings (NASDAQ:JASO) traded down 3.21% during midday trading on Friday, hitting $5.42. The company had a trading volume of 522,312 shares. The stock’s 50-day moving average price is $6.07 and its 200-day moving average price is $6.95. JA Solar Holdings has a one year low of $5.33 and a one year high of $10.09. The stock has a market capitalization of $253.97 million, a price-to-earnings ratio of 2.73 and a beta of 1.96.
JA Solar Holdings (NASDAQ:JASO) last issued its quarterly earnings results on Thursday, November 17th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.07. The business had revenue of $624.30 million for the quarter, compared to the consensus estimate of $591.02 million. JA Solar Holdings had a return on equity of 11.39% and a net margin of 4.85%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 earnings per share. Analysts predict that JA Solar Holdings will post $0.82 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in JASO. Boothbay Fund Management LLC purchased a new position in shares of JA Solar Holdings during the first quarter worth approximately $102,000. Bank of Montreal Can purchased a new position in shares of JA Solar Holdings during the second quarter worth approximately $109,000. Jane Street Group LLC boosted its position in shares of JA Solar Holdings by 55.6% in the second quarter. Jane Street Group LLC now owns 18,873 shares of the company’s stock worth $129,000 after buying an additional 6,746 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of JA Solar Holdings by 96.1% in the second quarter. Public Employees Retirement System of Ohio now owns 20,200 shares of the company’s stock worth $138,000 after buying an additional 9,900 shares during the last quarter. Finally, KCG Holdings Inc. boosted its position in shares of JA Solar Holdings by 97.1% in the third quarter. KCG Holdings Inc. now owns 21,512 shares of the company’s stock worth $129,000 after buying an additional 10,598 shares during the last quarter. Hedge funds and other institutional investors own 32.13% of the company’s stock.
JA Solar Holdings Company Profile
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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