JA Solar Holdings Co. Ltd. (JASO) has risen sharply, recording gains of 9.66% in the past 4 weeks. However, the stock has corrected -5.31% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 8.54% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.91% and the 50-Day Moving Average is 5.48%. JA Solar Holdings Co. Ltd. (NASDAQ:JASO): On Fridays trading session , Opening price of the stock was $7.52 with an intraday high of $7.59. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $7.36. However, the stock managed to close at $7.49, a loss of 0.13% for the day. On the previous day, the stock had closed at $7.5. The total traded volume of the day was 647,194 shares.
Institutional Investors own 31.35% of JA Solar Holdings Co. Ltd. shares. Also, Roth Capital downgrades its rating on JA Solar Holdings Co. Ltd. (NASDAQ:JASO). The global brokerage major lowers the current price target from $12 per share to $8 per share. Analysts at the Roth Capital have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 3, 2016.
JA Solar Holdings Co., Ltd. is a holding company. The Company designs, develops, manufactures and sells solar cell and module products that convert sunlight into electricity for a range of uses. The Company is engaged in manufacturing and sales of solar modules, as well as silicon wafer manufacturing. The Companys principal products consist of both monocrystalline and multicrystalline solar cells and solar modules. It sells its products mainly under JA Solar brand name, and also produces original equipment for manufacturers or customers, known as original equipment manufacturers (OEMs).The Company also provides engineering, procurement and construction (EPC) services. The Company sells solar cell and module products to module manufacturers, system integrators, project developers and distributors. The Companys subsidiaries include JA Development Co., Ltd., JA Solar Hong Kong Limited, JA Solar GmbH., JingAo Solar Co., Ltd. and Shanghai JA Solar Technology Co., Ltd., among others.