BidaskClub downgraded shares of JA Solar (NASDAQ:JASO) from a hold rating to a sell rating in a research note issued to investors on Wednesday, December 6th.
Several other equities research analysts have also commented on the stock. Axiom Securities reissued a sell rating on shares of JA Solar in a research report on Thursday, November 16th. Zacks Investment Research downgraded shares of JA Solar from a strong-buy rating to a hold rating in a research report on Tuesday, October 24th. ValuEngine raised shares of JA Solar from a buy rating to a strong-buy rating in a research report on Monday, October 16th. Credit Suisse Group set a $7.00 target price on shares of JA Solar and gave the company a hold rating in a research report on Tuesday, August 29th. Finally, Roth Capital set a $7.00 target price on shares of JA Solar and gave the company a hold rating in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. JA Solar currently has an average rating of Hold and a consensus price target of $6.81.
JA Solar (JASO) traded up $0.04 on Wednesday, hitting $7.46. 462,503 shares of the company were exchanged, compared to its average volume of 502,863. The company has a quick ratio of 0.70, a current ratio of 1.03 and a debt-to-equity ratio of 0.29. JA Solar has a 12 month low of $4.42 and a 12 month high of $8.48. The firm has a market cap of $353.08, a price-to-earnings ratio of 4.84 and a beta of 1.26.
A number of large investors have recently made changes to their positions in JASO. Advisors Preferred LLC bought a new position in JA Solar in the 3rd quarter valued at $101,000. FMR LLC bought a new position in JA Solar in the 1st quarter valued at $154,000. Verition Fund Management LLC bought a new position in JA Solar in the 2nd quarter valued at $185,000. Cubist Systematic Strategies LLC purchased a new stake in shares of JA Solar during the 3rd quarter valued at $194,000. Finally, Bank of America Corp DE raised its position in shares of JA Solar by 10.5% during the 1st quarter. Bank of America Corp DE now owns 36,557 shares of the solar energy provider’s stock valued at $239,000 after buying an additional 3,465 shares in the last quarter. 30.87% of the stock is owned by hedge funds and other institutional investors.
About JA Solar
JA Solar Holdings Co, Ltd. is a holding company. The Company designs, develops, manufactures and sells solar power products that convert sunlight into electricity for a range of uses. The Company is engaged in manufacturing and selling solar modules, as well as silicon wafer manufacturing. The Company operates through two segments, including manufacturing and solar projects.
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