JA Solar Holdings, Co., Ltd. (NASDAQ:JASO)’s share price was down 0.4% during trading on Wednesday . The stock traded as low as $6.85 and last traded at $8.03. Approximately 596,500 shares were traded during trading, an increase of 15% from the average daily volume of 517,772 shares. The stock had previously closed at $8.06.

Several equities analysts have commented on JASO shares. Credit Suisse Group set a $7.00 price objective on shares of JA Solar Holdings, Co. and gave the company a “hold” rating in a research report on Tuesday, August 29th. ValuEngine upgraded shares of JA Solar Holdings, Co. from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 11th. Zacks Investment Research upgraded shares of JA Solar Holdings, Co. from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a research report on Friday, August 25th. Axiom Securities reiterated a “sell” rating on shares of JA Solar Holdings, Co. in a research report on Friday, September 8th. Finally, Roth Capital set a $7.00 price objective on shares of JA Solar Holdings, Co. and gave the company a “hold” rating in a research report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.50.

The company has a market cap of $383.42, a price-to-earnings ratio of 5.17 and a beta of 1.26. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.08 and a quick ratio of 0.85.

JA Solar Holdings, Co. (NASDAQ:JASO) last released its earnings results on Tuesday, August 22nd. The solar energy provider reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.37. The firm had revenue of $878.00 million during the quarter, compared to analyst estimates of $602.53 million. JA Solar Holdings, Co. had a net margin of 2.89% and a return on equity of 7.90%. The business’s revenue was up 41.8% on a year-over-year basis. During the same quarter last year, the business earned $0.31 EPS. equities research analysts anticipate that JA Solar Holdings, Co., Ltd. will post 0.61 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in shares of JA Solar Holdings, Co. by 63.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 168,289 shares of the solar energy provider’s stock worth $1,101,000 after acquiring an additional 65,436 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of JA Solar Holdings, Co. by 848.0% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 331,800 shares of the solar energy provider’s stock worth $2,107,000 after acquiring an additional 296,800 shares during the last quarter. Parametric Portfolio Associates LLC bought a new stake in shares of JA Solar Holdings, Co. in the 1st quarter worth about $622,000. Advisors Preferred LLC bought a new stake in shares of JA Solar Holdings, Co. in the 3rd quarter worth about $101,000. Finally, Shelton Capital Management lifted its holdings in shares of JA Solar Holdings, Co. by 55.0% in the 2nd quarter. Shelton Capital Management now owns 155,000 shares of the solar energy provider’s stock worth $984,000 after acquiring an additional 55,000 shares during the last quarter. Hedge funds and other institutional investors own 23.19% of the company’s stock.

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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.

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