Industrial Goods Losers: Jinko Solar Holding (NYSE:JKS), Arotech (NASDAQ:ARTX), Acorn Energy (NASDAQ:ACFN), Comstock Holding Companies (NASDAQ:CHCI)

Posted by on Apr 11, 2014

Jinko Solar Holding Co. (NYSE:JKS) has received a consensus rating of “Buy” from the eight ratings firms that are covering the company, Analyst RN reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $44.02. JinkoSolar Holding Co., Ltd.(NYSE:JKS) shares after opening at $29.90 moved to $30.10 on last trade day and at the end of the day closed at $27.64. Company price to sales ratio in past twelve months was calculated as 0.87 and price to cash ratio as 2.95. Jinko Solar Holding Co., Ltd. (NYSE:JKS) showed a negative weekly performance of -10.35%.

Arotech Corporation (NASDAQ:ARTX) has announced that it will now fund $5.5M of these transaction costs via its own cash. For the remainder, the company was able to secure a very favorable borrowing to finance this acquisition. This loan will be repaid over the next 5 years. Arotech’s management has stated that they now expect to meet this loan repayment from the company’s cash flow. The main takeaways from this announcement were that it has no plans for share-dilution/debt to finance this acquisition. This is very important as investors are relieved of the potential valuation dilution. UEC is actively involved in the manufacture of various electronic components, mainly used in aerospace, military & industrial environments. Arotech Corporation (NASDAQ:ARTX) shares fell -10.00% in last trading session and ended the day on $4.41. ARTX return on equity ratio is recorded as 7.70% and its return on assets is 4.00%. Arotech Corporation (NASDAQ:ARTX) yearly performance is 293.75%.
Acorn Energy, Inc. (NASDAQ: ACFN) announced that it has made key promotions at both GridSense and OmniMetrix. Brett Sargent, currently COO, has been promoted and will assume the additional role of President of GridSense. Walter Czarnecki has been named President and COO of OmniMetrix. The work initiated by Joe Musanti, CEO of both companies, to exploit synergistic opportunities for efficiency and cost savings will continue under the new leadership team. Acorn Energy Inc (NASDAQ:ACFN) shares moved down -9.79% in last trading session and was closed at $2.95, while trading in range of $2.95 – 3.29. Acorn Energy Inc (NASDAQ:ACFN) year to date (YTD) performance is -27.52%.
Comstock Holding Companies, Inc. Comstock Holding Companies Inc (NASDAQ:CHCI) a leading homebuilding and multi-faceted real estate development and services company focused on the Washington, D.C. metropolitan area, announced results for the fourth quarter and full year ended December 31, 2013.Comstock Holding Companies Inc (NASDAQ:CHCI) weekly performance is -10.32%. On last trading day company shares ended up $1.39.Comstock Holding Companies Inc (NASDAQ:CHCI) distance from 50-day simple moving average (SMA50) is -21.10%. Analysts mean target price for the company is $1.00.

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