Sky Solar Holdings Ltd (SKYS) Sees Unusually-High Trading Volume
Sky Solar Holdings Ltd (NASDAQ:SKYS) shares saw unusually-high trading volume on Thursday . Approximately 691,596 shares changed hands during mid-day trading, an increase of 26% from the previous session’s volume of 550,414 shares.The stock last traded at $2.98 and had previously closed at $3.02.
SKYS has been the topic of several recent analyst reports. Zacks Investment Research cut Sky Solar Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, April 20th. Roth Capital reiterated a “buy” rating and issued a $8.00 price target on shares of Sky Solar Holdings in a research note on Tuesday, June 21st.
The firm’s market cap is $155.61 million. The company has a 50-day moving average of $2.76 and a 200-day moving average of $3.14.
Sky Solar Holdings (NASDAQ:SKYS) last released its earnings results on Friday, June 17th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. The business earned $11.70 million during the quarter. On average, equities analysts forecast that Sky Solar Holdings Ltd will post ($0.13) EPS 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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