JinkoSolar (NYSE:JKS) Downgraded by StockNews.com to “Sell”

StockNews.com cut shares of JinkoSolar (NYSE:JKS) from a hold rating to a sell rating in a research report report published on Friday morning.

Several other research analysts have also weighed in on the company. Roth Mkm reaffirmed a neutral rating and issued a $25.00 target price on shares of JinkoSolar in a research report on Tuesday, April 30th. The Goldman Sachs Group cut their target price on JinkoSolar from $26.00 to $23.00 and set a sell rating on the stock in a research report on Thursday, April 11th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $26.60.

JinkoSolar Trading Down 1.2 %

Shares of JKS traded down $0.24 during trading hours on Friday, hitting $19.53. The stock had a trading volume of 571,061 shares, compared to its average volume of 869,956. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.77 and a current ratio of 1.03. The firm has a market cap of $1.04 billion, a P/E ratio of 3.05 and a beta of 0.38. The company’s fifty day simple moving average is $22.21 and its 200 day simple moving average is $24.46. JinkoSolar has a 12-month low of $17.08 and a 12-month high of $38.65.

JinkoSolar Announces Dividend

The business also recently declared a Variable dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a yield of 15.6%. JinkoSolar’s dividend payout ratio is currently 46.49%.

Institutional Trading of JinkoSolar

Several large investors have recently added to or reduced their stakes in JKS. National Bank of Canada FI increased its holdings in JinkoSolar by 494.1% in the 4th quarter. National Bank of Canada FI now owns 284,400 shares of the semiconductor company’s stock valued at $9,948,000 after purchasing an additional 236,526 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of JinkoSolar by 16.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 661,563 shares of the semiconductor company’s stock valued at $24,445,000 after acquiring an additional 92,737 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of JinkoSolar by 212.2% during the fourth quarter. Hsbc Holdings PLC now owns 104,000 shares of the semiconductor company’s stock valued at $3,842,000 after acquiring an additional 70,689 shares in the last quarter. GSA Capital Partners LLP grew its stake in shares of JinkoSolar by 372.9% during the first quarter. GSA Capital Partners LLP now owns 77,349 shares of the semiconductor company’s stock valued at $1,948,000 after acquiring an additional 60,992 shares in the last quarter. Finally, Boston Partners acquired a new stake in shares of JinkoSolar during the first quarter valued at about $575,000. 35.82% of the stock is currently owned by institutional investors and hedge funds.

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.