The stock of JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) hit a new 52-week low and has $4.70 target or 10.00% below today’s $5.22 share price. The 7 months bearish chart indicates high risk for the $240.57 million company. The 1-year low was reported on Nov, 21 by Barchart.com. If the $4.70 price target is reached, the company will be worth $24.06 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 495,666 shares traded hands or 17.63% up from the average. JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) has declined 38.41% since April 19, 2016 and is downtrending. It has underperformed by 42.27% the S&P500.
JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) Ratings Coverage
Out of 4 analysts covering JA Solar (NASDAQ:JASO), 2 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 50% are positive. JA Solar has been the topic of 7 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock of JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) has “Neutral” rating given on Saturday, August 15 by Roth Capital. The firm has “Buy” rating given on Thursday, October 6 by Axiom Capital. The company was maintained on Wednesday, August 12 by RBC Capital Markets. The rating was downgraded by Roth Capital to “Neutral” on Friday, June 3. Axiom Capital initiated the stock with “Sell” rating in Monday, August 31 report. The rating was downgraded by Axiom Capital to “Sell” on Wednesday, November 16. TH Capital upgraded JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) on Wednesday, December 16 to “Buy” rating.
According to Zacks Investment Research, “JA SOLAR HOLDINGS LTD is a fast growing manufacturer of high-performance solar cells that is advancing solar photovoltaics as a financially viable yet sustainable solution to balance the world’s environment and energy needs. The Company sells its products to solar module manufacturers who assemble and integrate its solar cells into modules and systems that convert sunlight into electricity.”
More recent JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) news were published by: Schaeffersresearch.com which released: “Analyst Downgrades: Lululemon Athletica inc., JA Solar Holdings Co., Ltd., and …” on November 16, 2016. Also Businessfinancenews.com published the news titled: “JA Solar Holdings Co., Ltd. (ADR) (JASO) Reports Stellar 3Q Results And Record …” on November 18, 2015. Benzinga.com‘s news article titled: “SunEdison Troubles Could Spread To Trina And JA Solar, Credit Suisse Warns” with publication date: April 25, 2016 was also an interesting one.
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