The Shanghai based JA Solar Holdings Co, Ltd (ADR) (NASDAQ:JASO) stock moved up after its board decided the buyback almost $100 million in American depositary shares by Sept 30.
Shares of solar cell maker have lost 80% of their value during the previous year, trading in the range of 89 cents and $5.74 in that time. JA Solar and its rivals have resisted as the market has been flooded with cheap solar modules, which lower prices, as European countries cut inducements for solar power.
JA Solar announced stronger-than-forecasted financial results in the second quarter prior current month.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) surged +8.24% to settle at $1.84, LDK Solar Co., Ltd (ADR) (NYSE:LDK) moved up +7.96% to end at $2.17 while Trina Solar Limited (ADR) (NYSE:TSL) surged +9.11% to finish on Friday at $6.59.
JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) on June 15, 2012 increased 9.00% to the closing price of $1.15. The overall volume in the last trading session was 5.48 million shares. Its fifty two week range was $0.89-$5.74. The total market capitalization remained $232.57 million.
JASO is ahead its 52 week low with 29.21% and lagging behind from its 52 week high price with -79.97%. JASO last month stock price volatility remained 10.11%. In its share capital JASO has 202.24 million outstanding shares among them 143.56 million shares have been floated in market exchange. JASO stock institutional ownership remained 13.60% while insider ownership included 18.07%.
The stock price of JASO is moving forward from its 20 days moving average with 19.42% and remote negatively from 50 days moving average with -3.47%. JASO current year earnings per share experienced a downfall of -131.93% while its current quarter performance remained -39.79%. Company’s beta coefficient included 3.13. Beta factors measures the amount of market risk associated with market trade.
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