JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) has been upgraded to Buy in a report by Axiom Securities today.
- Updated: October 8, 2016
Yesterday JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) traded -2.48% lower at $6.59. The company’s 50-day moving average is $6.71 and its 200-day moving average is $7.51. The last stock close price is down -11.09% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 716,228 shares of the stock were exchanged, up from an average trading volume of 562,451
Axiom Securities has upgraded JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) to Buy in a report released on 10/06/2016.
Previously on 6/3/2016, Roth Capital reported about JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) lowered the target price from $12.00 to $8.00. At the time, this indicated a possible upside of 0.10%.
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JA Solar Holdings Co., Ltd. (ADR) has a price-earnings ratio of 3.31 with a one year low of $5.66 and a one year high of $10.09 JASO’s total market value is presently $0.
A total of 2 equity analysts have released a ratings update on JASO. zero equity analysts rating the company a strong buy, one equity analyst rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $10.84.
Brief Synopsis About JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO)
JA Solar Holdings Co., Ltd. is a holding company. The Company designs, develops, manufactures and sells solar power products that convert sunlight into electricity for a range of uses. The Company is engaged in manufacturing and selling solar modules, as well as silicon wafer manufacturing. The Company operates through two segments, including manufacturing and solar projects. The manufacturing segment includes design, development and manufacture of photovoltaic (PV) products. The solar projects segment includes downstream solar projects, which are involved in electricity generation. The Company's principal products consist of both monocrystalline and multicrystalline solar cells and solar modules. The Company sells its products primarily under JA Solar brand name, and also produces original equipment for manufacturers or customers. The Company is also engaged in the provision of solar product processing services and project development services.
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