JA Solar Holdings Co, Ltd (ADR) (NASDAQ:JASO) has returned former CEO Baofang Jin to the position, substituting Peng Fang effective Jan 21.
Chinese solar-products maker reported that Baofang Jin has been company’s chairman since May 2005 and executive chairman of the board since July 2009. Baofang Jin earlier worked as the JA Solar’s Chief Executive Officer from August 2009 to January 2010.
Mr. Peng Fang’s3 year contract as Chief Executive Officer finishes January 20.
Solar company has observed its revenue drop for 5 straight three months periods as weakened demand and a surplus of global supply have sent wafer and module prices falling.
JA Solar in November announced that it had narrowed its Q3 loss as the company booked a gain linked with claims against Lehman Brothers.
Its competitors include Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) that slipped -4.86% to $1.76 with the total traded volume of 449,093 shares and Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) that dropped -2.68% to $2.90 with the total traded volume of 233,587 shares.
Other technology stocks with bullish trend include Research In Motion Limited (USA) (NASDAQ:RIMM) up 7.96% to $14.64, Cisco Systems, Inc. (NASDAQ:CSCO) up 1.55% to $20.80 and Hewlett-Packard Company (NYSE:HPQ) up 1.55% to $16.41, whereas with bearish trend include Nokia Corporation (ADR) (NYSE:NOK) down -3.83% to $4.52, Sprint Nextel Corporation (NYSE:S) down -3.21% to $5.73 and EMC Corporation (NYSE:EMC) down -0.70% to $23.98.
JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO)stock’s trade at beginning with a price of $5.60 and the current trading session climbed at a high of $5.60other than the stock finally dropped -3.58% to $5.39.
Shares price of JASO moved down from its 20 days moving average with 24.10% and remote positively from 50 days moving average with 43.06%. JASO current year earnings per share experienced a decline with -131.93% while its current quarter performance remained 31.53%.
JASOhas a trade volume of 34,194 shares islesseras compared to average trading capacity of 502,357 shares.
JASO last month stock price volatility remained 7.59%. In its share capital JASO has 169.02million outstanding shares among them 5.74 million shares have been floated in market exchange. JASO stock institutional ownership remained 10.53% while insider ownership included 18.07%.
The stock is ahead its 52 week low with 92.76% and lagging behind from its 52 week high price with -52.22%. Company’s beta coefficient included 3.17. Beta factors measures the amount of market risk associated with market trade.
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