Sky Solar Holdings Ltd (SKYS) Shares Down 4.4%
Sky Solar Holdings Ltd (NASDAQ:SKYS) shares were down 4.4% during mid-day 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 research analyst reports. Roth Capital reaffirmed a “buy” rating and set a $8.00 price objective on shares of Sky Solar Holdings in a research note on Tuesday, June 21st. Zacks Investment Research raised shares of Sky Solar Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 2nd.
The firm has a 50 day moving average of $2.77 and a 200 day moving average of $3.17. The stock’s market cap is $134.62 million.
Sky Solar Holdings (NASDAQ:SKYS) last announced its earnings results on Friday, June 17th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.04. The company had revenue of $11.70 million for the quarter. Equities analysts predict that Sky Solar Holdings Ltd will post ($0.13) EPS for the current fiscal 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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