Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS – Get Free Report) fell 2.8% during mid-day trading on Thursday after The Goldman Sachs Group lowered their price target on the stock from $26.00 to $23.00. The Goldman Sachs Group currently has a sell rating on the stock. JinkoSolar traded as low as $24.52 and last traded at $24.62. 87,686 shares were traded during mid-day trading, a decline of 90% from the average session volume of 918,842 shares. The stock had previously closed at $25.32.
Other equities research analysts have also recently issued reports about the company. StockNews.com cut JinkoSolar from a “hold” rating to a “sell” rating in a report on Monday, April 8th. Daiwa Capital Markets lowered shares of JinkoSolar from an “outperform” rating to a “neutral” rating and set a $25.00 price target on the stock. in a research report on Monday, February 5th. Roth Mkm reaffirmed a “neutral” rating and set a $25.00 price target (down previously from $50.00) on shares of JinkoSolar in a research report on Thursday, March 21st. UBS Group cut their target price on JinkoSolar from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, March 21st. Finally, Roth Capital lowered JinkoSolar from a “buy” rating to a “neutral” rating in a research report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $26.60.
Get Our Latest Analysis on JinkoSolar
Institutional Inflows and Outflows
JinkoSolar Price Performance
The company has a current ratio of 1.04, a quick ratio of 0.81 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $1.21 billion, a PE ratio of 2.93 and a beta of 0.37. The company’s 50 day moving average price is $25.70 and its 200-day moving average price is $29.54.
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.
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