Perilous Reversal Stock: JinkoSolar (JKS)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified JinkoSolar ( JKS) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified JinkoSolar as such a stock due to the following factors:

  • JKS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $50.6 million.
  • JKS has traded 147,862 shares today.
  • JKS is down 3.6% today.
  • JKS was up 9% yesterday.

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More details on JKS:

JinkoSolar Holding Co., Ltd., together with its subsidiaries, designs, develops, produces, and markets photovoltaic products in the People's Republic of China and internationally. JKS has a PE ratio of 8.8. Currently there are 4 analysts that rate JinkoSolar a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for JinkoSolar has been 1.8 million shares per day over the past 30 days. JinkoSolar has a market cap of $774.1 million and is part of the technology sector and electronics industry. Shares are down 6.8% year-to-date as of the close of trading on Wednesday.

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