JinkoSolar (NYSE:JKS) Stock Price Up 4.9%

Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS - Get Free Report) traded up 4.9% during trading on Tuesday . The stock traded as high as $24.90 and last traded at $24.83. 126,702 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 906,453 shares. The stock had previously closed at $23.68.

Analysts Set New Price Targets

Several equities analysts recently weighed in on JKS shares. The Goldman Sachs Group cut their target price on shares of JinkoSolar from $30.00 to $26.00 and set a "sell" rating for the company in a research note on Thursday, March 21st. Roth Capital cut JinkoSolar from a "buy" rating to a "neutral" rating in a report on Thursday, March 21st. HSBC reiterated a "hold" rating and issued a $30.00 target price on shares of JinkoSolar in a research report on Monday, February 5th. UBS Group reduced their price objective on JinkoSolar from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Thursday, March 21st. Finally, StockNews.com cut JinkoSolar from a "hold" rating to a "sell" rating in a report on Monday. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $27.20.

JinkoSolar Trading Up 8.1 %

The stock's fifty day moving average is $25.84 and its 200 day moving average is $29.64. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.81 and a current ratio of 1.04. The stock has a market cap of $1.34 billion, a P/E ratio of 3.26 and a beta of 0.37.

Hedge Funds Weigh In On JinkoSolar

A number of institutional investors and hedge funds have recently modified their holdings of JKS. Toroso Investments LLC bought a new stake in shares of JinkoSolar during the 3rd quarter worth approximately $35,000. FMR LLC increased its holdings in JinkoSolar by 657.5% during the 3rd quarter. FMR LLC now owns 909 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 789 shares during the period. Natixis purchased a new position in JinkoSolar during the 4th quarter worth $41,000. Signaturefd LLC raised its position in JinkoSolar by 202.1% during the 4th quarter. Signaturefd LLC now owns 1,006 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 673 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of JinkoSolar in the 3rd quarter worth $31,000. Hedge funds and other institutional investors own 35.82% of the company's stock.

About JinkoSolar

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.