Sky Solar Holdings Ltd (NASDAQ:SKYS) shares dropped 3.3% during mid-day trading on Friday . The company traded as low as $2.90 and last traded at $2.94, with a volume of 77,928 shares. The stock had previously closed at $3.04.

SKYS has been the subject of a number of research analyst reports. Roth Capital reaffirmed a “buy” rating and issued a $8.00 price target on shares of Sky Solar Holdings in a report on Tuesday, June 21st. Zacks Investment Research raised shares of Sky Solar Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 2nd.

The stock has a 50-day moving average of $2.76 and a 200 day moving average of $3.14. The firm’s market capitalization is $154.07 million.

Sky Solar Holdings (NASDAQ:SKYS) last announced its quarterly earnings data on Friday, June 17th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The business earned $11.70 million during the quarter. 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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