JinkoSolar (NYSE:JKS) Stock Price Down 8.2% – Should You Sell?

JinkoSolar Holding Company Limited (NYSE:JKS)’s share price fell 8.2% during trading on Tuesday . The company traded as low as $26.52 and last traded at $27.0740. 229,231 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 814,158 shares. The stock had previously closed at $29.50.

Analyst Ratings Changes

Several research firms have commented on JKS. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of JinkoSolar in a research note on Wednesday, December 24th. UBS Group reissued a “neutral” rating on shares of JinkoSolar in a research report on Friday, November 28th. Wall Street Zen upgraded JinkoSolar from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Zacks Research raised shares of JinkoSolar from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. Finally, Roth Capital boosted their target price on shares of JinkoSolar from $17.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $19.49.

JinkoSolar Stock Down 15.5%

The firm has a market cap of $1.29 billion, a P/E ratio of -2.73 and a beta of 0.52. The business has a fifty day moving average of $26.98 and a 200 day moving average of $24.94. The company has a quick ratio of 1.02, a current ratio of 1.30 and a debt-to-equity ratio of 1.07.

JinkoSolar (NYSE:JKS) last issued its quarterly earnings data on Monday, November 17th. The semiconductor company reported ($2.30) EPS for the quarter, topping analysts’ consensus estimates of ($2.56) by $0.26. JinkoSolar had a negative net margin of 4.98% and a negative return on equity of 8.96%. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.72 billion. On average, equities research analysts predict that JinkoSolar Holding Company Limited will post -0.24 EPS for the current year.

Institutional Trading of JinkoSolar

Institutional investors and hedge funds have recently modified their holdings of the business. Profund Advisors LLC increased its holdings in JinkoSolar by 5.3% in the 3rd quarter. Profund Advisors LLC now owns 18,650 shares of the semiconductor company’s stock worth $448,000 after purchasing an additional 937 shares in the last quarter. MTM Investment Management LLC bought a new position in JinkoSolar during the second quarter worth $28,000. Raymond James Financial Inc. acquired a new stake in shares of JinkoSolar in the 2nd quarter valued at about $47,000. Geode Capital Management LLC lifted its stake in shares of JinkoSolar by 9.9% in the second quarter. Geode Capital Management LLC now owns 37,671 shares of the semiconductor company’s stock valued at $799,000 after buying an additional 3,394 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of JinkoSolar by 18.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,449 shares of the semiconductor company’s stock valued at $498,000 after buying an additional 3,608 shares during the last quarter. 35.82% of the stock is currently owned by institutional investors.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.