Home / Tech & Systems / Stocks Tumbling to New Lows: SolarCity Corporation (NASDAQ:SCTY), JA Solar Holdings Co. (NASDAQ:JASO)

Stocks Tumbling to New Lows: SolarCity Corporation (NASDAQ:SCTY), JA Solar Holdings Co. (NASDAQ:JASO)

SolarCity Corporation (NASDAQ:SCTY) persists its position slightly strong in context of buying side, while shares price dropped -0.62%.

Lundin Law PC reveals a class action lawsuit was filed against SolarCity Corporation (SCTY) concerning possible violations of federal securities laws between May 5, 2015 and February 9, 2016 inclusive. Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the October 14, 2016 lead plaintiff motion deadline.

According to the complaint, SolarCity made false and misleading statements and/or failed to disclose, that demand for its products was decreasing, that the Company was concealing the lower demand and that as a result of the above, SolarCity’s statements about its business, operations and prospects were false and misleading and/or lacked a reasonable basis. On October 29, 2015, SolarCity announced that it would lower its full year 2015 guidance. This announcement caused the Company’s stock price to fall. On February 9, 2016 the Company announced that it fell short of its previously issued fiscal year 2015 installation guidance. When this information was disclosed to the public, SolarCity shares dropped in value, causing investors harm.

Narrow down focus to other ratios, the co has current ratio of 0.60 that indicates if SCTY lies in 1.3% to 3% then it is acceptable for both active and passive investors, but sometimes its varies industry to industry. Generally, it indicates good short-term financial strength. Street is more conscious on this after SunEdison, Inc. case. To make strengthen these views, the active industry firm has Quick Ratio of 0.30, which indicates firm has sufficient short-term assets to cover its immediate liabilities. In addition, the firm has debt to equity ratio of 3.76, sometimes its remain same with long term debt to equity ratio.

Following previous ticker characteristics, JA Solar Holdings Co., Ltd. (NASDAQ:JASO) also run on active notice, stock price plunged -1.06% after traded at $7.49 in most recent trading session.

JASO has price to earnings ratio of 3.79 and the price to current year EPS stands at 48.30%. Whereas the traders who further want to see about this, may be interested to see Price to next year’s EPS that would be -89.47%. The earning yield also gives right direction to lure investment. Moving toward ratio analysis, it has current ratio of 1.30 and quick ratio was calculated as 1.00. The debt to equity ratio appeared as 0.90 for seeing its liquidity position.

Taking notice on volatility measures, price volatility of stock was 2.41% for a week and 3.23% for a month. The price volatility’s Average True Range for 14 days was 0.23. On these bases, analysts would recommend this stock as an “Active Revolving Stocks.” The firm attains analyst recommendation of 3.30 out of 1-5 scale with week’s performance of -1.82%. JASO’s institutional ownership was registered as 35.10%, while insider ownership was 21.60%.


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