JinkoSolar (NYSE:JKS) Sets New 12-Month Low at $19.72

JinkoSolar Holding Co., Ltd. (NYSE:JKS)’s share price reached a new 52-week low on Thursday . The company traded as low as $19.72 and last traded at $19.75, with a volume of 309247 shares trading hands. The stock had previously closed at $20.76.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on JKS shares. Roth Mkm reaffirmed a “neutral” rating and set a $25.00 price objective on shares of JinkoSolar in a research report on Tuesday, April 30th. StockNews.com upgraded shares of JinkoSolar from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, The Goldman Sachs Group reduced their price objective on shares of JinkoSolar from $26.00 to $23.00 and set a “sell” rating for the company in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $26.60.

JinkoSolar Stock Performance

The company has a quick ratio of 0.77, a current ratio of 1.03 and a debt-to-equity ratio of 0.56. The firm has a 50-day simple moving average of $23.50 and a 200 day simple moving average of $24.94. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 3.24 and a beta of 0.38.

JinkoSolar (NYSE:JKS) last announced its earnings results on Monday, April 29th. The semiconductor company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.83. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.27 billion. JinkoSolar had a net margin of 2.74% and a return on equity of 11.12%. On average, sell-side analysts predict that JinkoSolar Holding Co., Ltd. will post 4.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC grew its holdings in shares of JinkoSolar by 202.1% during the fourth quarter. Signaturefd LLC now owns 1,006 shares of the semiconductor company’s stock worth $37,000 after buying an additional 673 shares during the last quarter. Headlands Technologies LLC grew its stake in shares of JinkoSolar by 217.0% in the 4th quarter. Headlands Technologies LLC now owns 3,199 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 2,190 shares during the last quarter. Barometer Capital Management Inc. acquired a new position in shares of JinkoSolar in the fourth quarter valued at approximately $126,000. Daiwa Securities Group Inc. raised its stake in shares of JinkoSolar by 117.1% during the first quarter. Daiwa Securities Group Inc. now owns 7,600 shares of the semiconductor company’s stock worth $191,000 after purchasing an additional 4,100 shares during the last quarter. Finally, Banco BTG Pactual S.A. acquired a new stake in shares of JinkoSolar during the first quarter worth $207,000. 35.82% of the stock is currently owned by institutional investors and hedge funds.

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; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.