JinkoSolar Stock Gaps Down On Today's Open (JKS)

NEW YORK ( TheStreet) -- Shares of JinkoSolar (NYSE: JKS) were gapping down Tuesday morning with an open price 13.2% lower than Monday's closing price. The stock closed at $5.70 Monday and opened today's trading at $4.95.

The average volume for JinkoSolar has been 983,100 shares per day over the past 30 days. JinkoSolar has a market cap of $160.9 million and is part of the industrial goods sector and industrial industry. Shares are down 71.9% year to date as of the close of trading on Monday.

JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the manufacture and sale of solar power products in China and internationally. The company has a P/E ratio of 0.9, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates JinkoSolar as a sell. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full JinkoSolar Ratings Report.

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