JinkoSolar Holding Co., Ltd. (NYSE:JKS) traded down 7.9% during mid-day trading on Wednesday . The company traded as low as $17.81 and last traded at $18.05, 1,042,114 shares were traded during mid-day trading. An increase of 11% from the average session volume of 941,070 shares. The stock had previously closed at $19.60.

A number of analysts recently issued reports on the company. Roth Capital set a $24.00 price target on JinkoSolar and gave the company a “buy” rating in a report on Monday, May 20th. Zacks Investment Research lowered JinkoSolar from a “buy” rating to a “sell” rating in a report on Saturday, July 20th. Credit Suisse Group boosted their price target on JinkoSolar from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, July 1st. ValuEngine upgraded JinkoSolar from a “sell” rating to a “hold” rating in a report on Tuesday, May 28th. Finally, UBS Group lowered JinkoSolar from a “buy” rating to a “neutral” rating and boosted their price target for the company from $22.00 to $25.00 in a report on Monday, June 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. JinkoSolar has a consensus rating of “Hold” and an average target price of $19.00.

The stock has a fifty day simple moving average of $20.63. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.71 and a current ratio of 0.94. The company has a market cap of $587.56 million, a P/E ratio of 11.88, a PEG ratio of 0.36 and a beta of 2.01.

JinkoSolar (NYSE:JKS) last posted its earnings results on Friday, June 28th. The semiconductor company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.08). The company had revenue of $845.90 million for the quarter, compared to analysts’ expectations of $976.85 million. JinkoSolar had a return on equity of 5.35% and a net margin of 1.68%. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. On average, research analysts predict that JinkoSolar Holding Co., Ltd. will post 2.79 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of JKS. Schroder Investment Management Group lifted its holdings in JinkoSolar by 55.8% during the second quarter. Schroder Investment Management Group now owns 4,864,074 shares of the semiconductor company’s stock worth $105,502,000 after buying an additional 1,742,632 shares during the period. Bank of America Corp DE lifted its holdings in JinkoSolar by 27,565.2% during the second quarter. Bank of America Corp DE now owns 1,680,106 shares of the semiconductor company’s stock worth $36,442,000 after buying an additional 1,674,033 shares during the period. Morgan Stanley lifted its holdings in JinkoSolar by 2,188.8% during the second quarter. Morgan Stanley now owns 878,363 shares of the semiconductor company’s stock worth $19,052,000 after buying an additional 839,986 shares during the period. BlackRock Inc. lifted its holdings in JinkoSolar by 194.1% during the second quarter. BlackRock Inc. now owns 934,613 shares of the semiconductor company’s stock worth $20,272,000 after buying an additional 616,851 shares during the period. Finally, Norges Bank purchased a new stake in JinkoSolar during the fourth quarter worth $3,317,000. Institutional investors own 34.29% of the company’s stock.

JinkoSolar Company Profile (NYSE:JKS)

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots.

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