JinkoSolar (JKS) Sets New 1-Year Low at $8.27

Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $8.27 and last traded at $9.02, with a volume of 26527 shares changing hands. The stock had previously closed at $9.21.

A number of analysts have issued reports on the stock. Roth Capital raised shares of JinkoSolar from a “sell” rating to a “neutral” rating and set a $12.00 price objective for the company in a report on Wednesday, June 27th. TheStreet downgraded shares of JinkoSolar from a “c” rating to a “d+” rating in a report on Tuesday, June 26th. Citigroup raised shares of JinkoSolar from a “sell” rating to a “neutral” rating in a report on Tuesday, August 14th. Finally, Zacks Investment Research raised shares of JinkoSolar from a “sell” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Saturday, June 30th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.00.

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.69 and a current ratio of 0.95. The firm has a market cap of $307.27 million, a PE ratio of 13.33, a PEG ratio of 0.46 and a beta of 1.43.

JinkoSolar (NYSE:JKS) last posted its quarterly earnings data on Monday, August 13th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.09). The business had revenue of $915.91 million during the quarter, compared to the consensus estimate of $909.54 million. JinkoSolar had a net margin of 0.58% and a return on equity of 1.89%. The business’s revenue for the quarter was down 21.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. As a group, equities analysts anticipate that JinkoSolar Holding Co., Ltd. will post 2.34 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. Guinness Asset Management Ltd raised its position in shares of JinkoSolar by 30.0% in the 2nd quarter. Guinness Asset Management Ltd now owns 28,190 shares of the semiconductor company’s stock valued at $388,000 after buying an additional 6,500 shares in the last quarter. Luminus Management LLC acquired a new position in shares of JinkoSolar in the 2nd quarter valued at approximately $2,289,000. Commerzbank Aktiengesellschaft FI raised its position in shares of JinkoSolar by 25.1% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 345,531 shares of the semiconductor company’s stock valued at $4,758,000 after buying an additional 69,391 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of JinkoSolar by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 794,151 shares of the semiconductor company’s stock valued at $10,941,000 after buying an additional 18,591 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of JinkoSolar by 20.1% in the 2nd quarter. BlackRock Inc. now owns 767,537 shares of the semiconductor company’s stock valued at $10,570,000 after buying an additional 128,716 shares in the last quarter. Institutional investors own 25.43% 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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