JinkoSolar (NYSE:JKS) Hits New 12-Month Low at $21.56

JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $21.56 and last traded at $21.60, with a volume of 930345 shares changing hands. The stock had previously closed at $22.51.

Wall Street Analyst Weigh In

Several brokerages recently commented on JKS. Roth Capital downgraded JinkoSolar from a "buy" rating to a "neutral" rating in a report on Thursday, March 21st. Daiwa Capital Markets downgraded shares of JinkoSolar from an "outperform" rating to a "neutral" rating and set a $25.00 price target on the stock. in a report on Monday, February 5th. UBS Group lowered their target price on shares of JinkoSolar from $31.00 to $30.00 and set a "neutral" rating on the stock in a research report on Thursday, March 21st. StockNews.com lowered JinkoSolar from a "hold" rating to a "sell" rating in a report on Wednesday. Finally, HSBC reissued a "hold" rating and set a $30.00 price objective on shares of JinkoSolar in a report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $26.60.

JinkoSolar Trading Down 3.6 %

The company has a quick ratio of 0.81, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average price of $25.54 and a 200-day moving average price of $29.41. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 2.76 and a beta of 0.37.

JinkoSolar (NYSE:JKS - Get Free Report) last released its earnings results on Wednesday, March 20th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.32 by ($1.11). JinkoSolar had a net margin of 2.89% and a return on equity of 11.85%. The business had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.08 billion. Research analysts predict that JinkoSolar Holding Co., Ltd. will post 5.27 EPS for the current fiscal year.

Institutional Trading of JinkoSolar

Hedge funds have recently bought and sold shares of the stock. Green Alpha Advisors LLC raised its position in shares of JinkoSolar by 21.9% during the first quarter. Green Alpha Advisors LLC now owns 75,993 shares of the semiconductor company's stock valued at $1,914,000 after buying an additional 13,674 shares during the last quarter. Vanguard Group Inc. raised its holdings in JinkoSolar by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 1,576,610 shares of the semiconductor company's stock valued at $58,240,000 after acquiring an additional 22,254 shares in the last quarter. Virtus Investment Advisers Inc. bought a new stake in shares of JinkoSolar in the 4th quarter worth approximately $1,108,000. Barclays PLC grew its holdings in shares of JinkoSolar by 126.7% during the 4th quarter. Barclays PLC now owns 149,506 shares of the semiconductor company's stock worth $5,523,000 after purchasing an additional 83,550 shares in the last quarter. Finally, Vienna Asset Management LLC bought a new stake in shares of JinkoSolar during the fourth quarter valued at approximately $268,000. 35.82% of the stock is owned by institutional investors.

JinkoSolar Company Profile

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; and develops commercial solar power projects.