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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. JA Solar Holdings currently has a consensus rating of Hold and a consensus target price of $9.49.
Shares of JA Solar Holdings (NASDAQ:JASO) traded down 0.58% during trading on Thursday, hitting $6.81. 356,638 shares of the stock were exchanged. The stock’s 50 day moving average price is $6.75 and its 200 day moving average price is $7.53. JA Solar Holdings has a one year low of $5.66 and a one year high of $10.09. The stock has a market cap of $319.10 million, a PE ratio of 3.37 and a beta of 2.05.
JA Solar Holdings (NASDAQ:JASO) last released its quarterly earnings results on Wednesday, August 17th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.69 by $0.38. The company had revenue of $619 million for the quarter. JA Solar Holdings had a return on equity of 11.39% and a net margin of 4.85%. During the same quarter in the previous year, the business earned $0.27 earnings per share. Equities research analysts predict that JA Solar Holdings will post $0.82 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the company. Sensato Investors LLC acquired a new position in shares of JA Solar Holdings during the first quarter worth about $871,000. Royal Bank of Canada raised its position in shares of JA Solar Holdings by 5,505.3% in the first quarter. Royal Bank of Canada now owns 16,816 shares of the company’s stock worth $146,000 after buying an additional 16,516 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in shares of JA Solar Holdings during the first quarter worth about $102,000. Shah Capital Management acquired a new position in shares of JA Solar Holdings during the second quarter worth about $3,014,000. Finally, Bank of Montreal Can acquired a new position in shares of JA Solar Holdings during the second quarter worth about $109,000. 31.65% of the stock is currently owned by hedge funds and other institutional investors.
About JA Solar Holdings
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.
Receive News & Ratings for JA Solar Holdings Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JA Solar Holdings Co. and related companies with MarketBeat.com's FREE daily email newsletter.