Sky Solar Holdings Ltd (SKYS) Sees Strong Trading Volume
Sky Solar Holdings Ltd (NASDAQ:SKYS) saw unusually-strong trading volume on Thursday . Approximately 691,596 shares were traded 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.
A number of analysts have issued reports on SKYS shares. Zacks Investment Research raised Sky Solar Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th. Roth Capital reissued a “buy” rating and issued a $8.00 target price on shares of Sky Solar Holdings in a research report on Tuesday, June 21st.
The firm’s 50-day moving average is $2.76 and its 200 day moving average is $3.14. The company’s market capitalization is $154.07 million.
Sky Solar Holdings (NASDAQ:SKYS) last posted its quarterly earnings results on Friday, June 17th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.04. The company earned $11.70 million during the quarter. On average, equities analysts anticipate 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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