Sky Solar Holdings Ltd (NASDAQ:SKYS) shares dropped 4.4% during trading on Friday . The stock traded as low as $2.63 and last traded at $2.63, with a volume of 58,160 shares. The stock had previously closed at $2.75.

SKYS has been the topic of several analyst reports. Roth Capital reiterated a “buy” rating and set a $8.00 price target on shares of Sky Solar Holdings in a report on Tuesday, June 21st. Zacks Investment Research upgraded shares of Sky Solar Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 2nd.

The company’s market cap is $134.62 million. The stock’s 50 day moving average is $2.77 and its 200 day moving average is $3.17.

Sky Solar Holdings (NASDAQ:SKYS) last released its quarterly earnings data on Friday, June 17th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The business earned $11.70 million during the quarter. Equities research analysts predict that Sky Solar Holdings Ltd will post ($0.13) earnings per share for the current year.

Sky Solar Holdings, Ltd. (Sky Solar) is an investment holding company. The Company is an independent power producer (IPP) engaged in developing, owning and operating solar parks. The Company’s subsidiaries are engaged in selling electricity, Pipeline plus EPC, Provision of O&M services, and BT. Its subsidiaries are engaged in selling electricity generated from solar parks owned by the Company as an IPP.

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