JinkoSolar (NYSE:JKS - Get Free Report)'s stock had its "sell (d)" rating reiterated by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.
Separately, Wall Street Zen lowered shares of JinkoSolar from a "hold" rating to a "sell" rating in a research report on Saturday, September 20th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, JinkoSolar has an average rating of "Strong Sell" and a consensus price target of $28.99.
Read Our Latest Report on JKS
JinkoSolar Price Performance
Shares of JKS opened at $24.14 on Wednesday. JinkoSolar has a 12 month low of $13.42 and a 12 month high of $29.80. The company has a market cap of $1.25 billion, a P/E ratio of -4.81 and a beta of 0.44. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.07. The stock has a fifty day moving average price of $23.70 and a 200 day moving average price of $20.95.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in JKS. SG Americas Securities LLC raised its position in JinkoSolar by 8.9% in the 1st quarter. SG Americas Securities LLC now owns 62,745 shares of the semiconductor company's stock valued at $1,170,000 after purchasing an additional 5,110 shares during the last quarter. Hussman Strategic Advisors Inc. bought a new position in shares of JinkoSolar in the 1st quarter valued at about $2,349,000. Banque Cantonale Vaudoise bought a new position in JinkoSolar in the first quarter valued at approximately $36,000. Charles Schwab Investment Management Inc. bought a new stake in JinkoSolar in the first quarter valued at about $1,660,000. Finally, Invesco Ltd. boosted its stake in JinkoSolar by 15.3% during the 1st quarter. Invesco Ltd. now owns 1,418,425 shares of the semiconductor company's stock worth $26,439,000 after acquiring an additional 187,930 shares during the last quarter. 35.82% of the stock is owned by institutional investors.
About JinkoSolar
(
Get Free Report)
JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.
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