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

NEW YORK ( TheStreet) -- Shares of JinkoSolar (NYSE: JKS) were gapping down Thursday morning with an open price 10.9% lower than Wednesday's closing price. The stock closed at $5.95 Wednesday and opened today's trading at $5.30.

The average volume for JinkoSolar has been 538,600 shares per day over the past 30 days. JinkoSolar has a market cap of $141 million and is part of the industrial goods sector and industrial industry. Shares are up 19% year to date as of the close of trading on Wednesday.

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 one, below the average industrial industry P/E ratio of 1.7 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 unimpressive growth in net income, generally weak debt management, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full JinkoSolar Ratings Report.

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