JinkoSolar Holding Company Limited (NYSE:JKS – Get Free Report) Director Wing Keong Siew sold 16,000 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $16.49, for a total transaction of $263,840.00. Following the completion of the sale, the director directly owned 170,000 shares of the company’s stock, valued at $2,803,300. This trade represents a 8.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Wing Keong Siew also recently made the following trade(s):
- On Wednesday, May 13th, Wing Keong Siew sold 16,000 shares of JinkoSolar stock. The shares were sold at an average price of $26.11, for a total transaction of $417,760.00.
JinkoSolar Price Performance
Shares of NYSE:JKS opened at $16.17 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.26 and a debt-to-equity ratio of 1.16. The stock has a market cap of $846.61 million, a PE ratio of -1.66 and a beta of 0.51. The company’s fifty day moving average is $21.27 and its 200 day moving average is $24.39. JinkoSolar Holding Company Limited has a 52 week low of $15.33 and a 52 week high of $31.88.
JinkoSolar Announces Dividend
The business also recently announced an annual dividend, which will be paid on Thursday, July 9th. Investors of record on Monday, June 22nd will be issued a dividend of $1.50 per share. The ex-dividend date is Monday, June 22nd. This represents a yield of 837.0%. JinkoSolar’s dividend payout ratio is currently -15.20%.
Institutional Trading of JinkoSolar
Large investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in JinkoSolar during the 2nd quarter valued at approximately $47,000. Banque Cantonale Vaudoise purchased a new position in shares of JinkoSolar during the fourth quarter valued at approximately $58,000. Leonteq Securities AG purchased a new position in shares of JinkoSolar during the fourth quarter valued at approximately $101,000. Federation des caisses Desjardins du Quebec raised its holdings in shares of JinkoSolar by 277.9% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 7,086 shares of the semiconductor company’s stock valued at $183,000 after acquiring an additional 5,211 shares in the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new stake in JinkoSolar in the fourth quarter worth $205,000. 35.82% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on JKS shares. Wall Street Zen raised JinkoSolar from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Freedom Capital raised JinkoSolar from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. UBS Group raised their target price on shares of JinkoSolar from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Daiwa Securities Group raised shares of JinkoSolar from a “sell” rating to a “buy” rating and set a $28.50 target price on the stock in a research note on Tuesday, March 24th. Finally, Weiss Ratings lowered shares of JinkoSolar from a “hold (c-)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $24.38.
Read Our Latest Analysis on JKS
JinkoSolar Company Profile
JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.
JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.
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