A number of other equities analysts also recently commented on the stock. ValuEngine raised shares of JA Solar Holdings, Co. from a buy rating to a strong-buy rating in a research note on Monday, September 11th. Zacks Investment Research raised shares of JA Solar Holdings, Co. from a hold rating to a buy rating and set a $7.00 price target on the stock in a research note on Friday, August 25th. Credit Suisse Group set a $7.00 price objective on shares of JA Solar Holdings, Co. and gave the stock a hold rating in a report on Tuesday, August 29th. Finally, Roth Capital set a $7.00 price target on shares of JA Solar Holdings, Co. and gave the company a hold rating in a report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the stock. JA Solar Holdings, Co. presently has a consensus rating of Hold and a consensus price target of $6.50.
JA Solar Holdings, Co. (NASDAQ:JASO) traded up $0.59 during midday trading on Thursday, reaching $7.45. 1,134,800 shares of the company traded hands, compared to its average volume of 527,578. The company has a quick ratio of 0.70, a current ratio of 1.03 and a debt-to-equity ratio of 0.29. JA Solar Holdings, Co. has a 52-week low of $4.42 and a 52-week high of $8.48. The stock has a market capitalization of $354.40, a PE ratio of 4.84 and a beta of 1.26.
JA Solar Holdings, Co. (NASDAQ:JASO) last released its quarterly earnings results on Wednesday, November 15th. The solar energy provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.06). JA Solar Holdings, Co. had a net margin of 2.84% and a return on equity of 7.73%. The business had revenue of $652.60 million during the quarter, compared to analyst estimates of $609.78 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. equities research analysts predict that JA Solar Holdings, Co. will post 0.65 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Advisors Preferred LLC bought a new stake in JA Solar Holdings, Co. in the third quarter worth approximately $101,000. FMR LLC acquired a new stake in shares of JA Solar Holdings, Co. in the first quarter worth $154,000. Cubist Systematic Strategies LLC acquired a new stake in shares of JA Solar Holdings, Co. in the third quarter worth $194,000. Verition Fund Management LLC acquired a new position in JA Solar Holdings, Co. during the 2nd quarter valued at $185,000. Finally, Bank of America Corp DE raised its stake in JA Solar Holdings, Co. by 10.5% during the 1st quarter. Bank of America Corp DE now owns 36,557 shares of the solar energy provider’s stock valued at $239,000 after purchasing an additional 3,465 shares during the last quarter. 25.21% of the stock is currently owned by hedge funds and other institutional investors.
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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