JinkoSolar (NYSE:JKS) Trading Down 3.6% – Should You Sell?

JinkoSolar Holding Co., Ltd. (NYSE:JKS) shares dropped 3.6% on Monday . The stock traded as low as $21.90 and last traded at $21.75. Approximately 127,252 shares were traded during trading, a decline of 87% from the average daily volume of 1,010,633 shares. The stock had previously closed at $22.57.

Analysts Set New Price Targets

JKS has been the topic of a number of recent research reports. Daiwa Capital Markets downgraded shares of JinkoSolar from an “underperform” rating to a “sell” rating in a report on Friday, January 10th. Glj Research dropped their target price on shares of JinkoSolar from $13.08 to $10.95 and set a “sell” rating on the stock in a report on Thursday, January 23rd. Finally, Jefferies Financial Group lifted their price target on JinkoSolar from $36.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $28.49.

JinkoSolar Trading Down 7.6 %

The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 1.22. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 35.34 and a beta of 0.40. The business has a fifty day simple moving average of $22.03 and a 200 day simple moving average of $23.12.

Institutional Trading of JinkoSolar

A number of institutional investors have recently bought and sold shares of JKS. SG Americas Securities LLC bought a new stake in shares of JinkoSolar in the fourth quarter valued at approximately $1,435,000. State Street Corp lifted its position in JinkoSolar by 10.7% during the third quarter. State Street Corp now owns 696,763 shares of the semiconductor company’s stock worth $18,687,000 after purchasing an additional 67,223 shares during the period. Capital Wealth Planning LLC bought a new stake in shares of JinkoSolar during the 4th quarter worth approximately $752,000. Verition Fund Management LLC bought a new position in JinkoSolar in the third quarter valued at approximately $682,000. Finally, Geode Capital Management LLC increased its stake in JinkoSolar by 19.7% in the third quarter. Geode Capital Management LLC now owns 44,613 shares of the semiconductor company’s stock valued at $1,197,000 after acquiring an additional 7,333 shares during the last quarter. Institutional investors own 35.82% of the company’s stock.

JinkoSolar Company Profile

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.