JinkoSolar Holding Co., Ltd. (NYSE:JKS) was up 5.6% during mid-day trading on Tuesday . The company traded as high as $42.75 and last traded at $42.52. Approximately 13,176 shares traded hands during trading, a decline of 100% from the average daily volume of 2,844,757 shares. The stock had previously closed at $40.25.
A number of analysts have issued reports on JKS shares. The Goldman Sachs Group lifted their price target on JinkoSolar from $34.00 to $39.00 and gave the stock a “sell” rating in a report on Monday, January 4th. Roth Capital lifted their price target on JinkoSolar from $37.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, December 14th. Zacks Investment Research raised JinkoSolar from a “sell” rating to a “hold” rating in a report on Monday, March 15th. Finally, CICC Research downgraded JinkoSolar from an “outperform” rating to a “market perform” rating in a report on Wednesday, December 9th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $34.22.
The company has a 50 day simple moving average of $47.06 and a 200 day simple moving average of $57.75. The company has a current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $1.75 billion, a PE ratio of 29.21 and a beta of 1.09.
About JinkoSolar (NYSE:JKS)
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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