Skyline Builders Group (NASDAQ:SKBL) Shares Up 3.5% – Time to Buy?

Skyline Builders Group Holding Limited (NASDAQ:SKBL)’s stock price traded up 3.5% on Thursday . The stock traded as high as $3.42 and last traded at $3.29. 132,482 shares changed hands during trading, an increase of 28% from the average session volume of 103,319 shares. The stock had previously closed at $3.18.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Skyline Builders Group in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Skyline Builders Group Price Performance

The firm’s 50 day moving average price is $2.95 and its two-hundred day moving average price is $2.93.

Institutional Trading of Skyline Builders Group

Large investors have recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new stake in Skyline Builders Group in the 3rd quarter valued at about $322,000. Prelude Capital Management LLC bought a new position in shares of Skyline Builders Group in the 3rd quarter worth $91,000. Southport Management L.L.C. acquired a new stake in Skyline Builders Group in the 3rd quarter valued at $131,000. Sage Advisors LLC bought a new stake in Skyline Builders Group during the 3rd quarter valued at $49,000. Finally, BNP Paribas Financial Markets bought a new stake in Skyline Builders Group during the 2nd quarter valued at $727,000.

Skyline Builders Group Company Profile

Skyline Builders Group Holding Ltd. operates as an exempted limited liability company. It operates business through its subsidiary, Kin Chiu Engineering Limited, which provides construction activities include public civil engineering works, such as road and drainage works in Hong Kong. The company was founded on June 25, 2024 and is headquartered in Hong Kong.