JinkoSolar (NYSE:JKS) Sees Large Volume Increase – Should You Buy?

Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) saw unusually-strong trading volume on Wednesday . Approximately 780,079 shares were traded during trading, a decline of 20% from the previous session’s volume of 980,417 shares.The stock last traded at $21.67 and had previously closed at $21.34.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of JinkoSolar from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. The Goldman Sachs Group lowered their price target on JinkoSolar from $21.00 to $18.00 and set a “sell” rating on the stock in a research report on Tuesday, September 3rd. Finally, Roth Mkm reduced their price objective on JinkoSolar from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.60.

JinkoSolar Stock Performance

The stock has a market cap of $1.15 billion, a PE ratio of 3.36 and a beta of 0.43. The company has a fifty day moving average price of $20.99 and a 200 day moving average price of $22.51. The company has a quick ratio of 0.79, a current ratio of 1.08 and a debt-to-equity ratio of 0.76.

JinkoSolar (NYSE:JKS) last announced its quarterly earnings data on Friday, August 30th. The semiconductor company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.92. JinkoSolar had a return on equity of 7.86% and a net margin of 1.65%. The firm had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.85 billion. Analysts expect that JinkoSolar Holding Co., Ltd. will post -0.42 earnings per share for the current year.

JinkoSolar Dividend Announcement

The company also recently disclosed a Variable dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were given a $1.50 dividend. This represents a dividend yield of 15.6%. The ex-dividend date of this dividend was Thursday, August 15th. JinkoSolar’s payout ratio is 46.18%.

Institutional Trading of JinkoSolar

Several large investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. grew its position in shares of JinkoSolar by 31.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,588 shares of the semiconductor company’s stock worth $1,300,000 after buying an additional 12,464 shares during the last quarter. Capstone Investment Advisors LLC increased its position in JinkoSolar by 81.6% during the 1st quarter. Capstone Investment Advisors LLC now owns 29,625 shares of the semiconductor company’s stock valued at $746,000 after purchasing an additional 13,314 shares during the period. Daiwa Securities Group Inc. raised its holdings in JinkoSolar by 117.1% in the 1st 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 in the last quarter. GSA Capital Partners LLP lifted its position in shares of JinkoSolar by 372.9% in the 1st quarter. GSA Capital Partners LLP now owns 77,349 shares of the semiconductor company’s stock worth $1,948,000 after purchasing an additional 60,992 shares during the period. Finally, Banco BTG Pactual S.A. bought a new stake in shares of JinkoSolar during the 1st quarter valued at about $207,000. 35.82% of the stock is owned by institutional investors.

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.