Bluefield Solar Income Fund (LON:BSIF) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Bluefield Solar Income Fund (LON:BSIF)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 70.22 and traded as low as GBX 68.77. Bluefield Solar Income Fund shares last traded at GBX 68.80, with a volume of 2,175,374 shares changing hands.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reduced their price target on shares of Bluefield Solar Income Fund from GBX 115 to GBX 95 and set a “sector perform” rating for the company in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 95.

Bluefield Solar Income Fund Stock Up 0.9%

The business has a 50-day moving average of GBX 70.22 and a 200-day moving average of GBX 82.60. The stock has a market cap of £410.90 million, a price-to-earnings ratio of -14.49 and a beta of 0.14.

Bluefield Solar Income Fund (LON:BSIF) last issued its earnings results on Tuesday, October 21st. The company reported GBX 10.40 earnings per share for the quarter. Bluefield Solar Income Fund had a negative return on equity of 1.19% and a net margin of 129.55%. Equities analysts anticipate that Bluefield Solar Income Fund will post 302.1632747 earnings per share for the current year.

About Bluefield Solar Income Fund

Bluefield Solar Income Fund (BSIF) is an investment company focused on the acquisition and long-term management of a diversified portfolio of low carbon assets in the UK, with a primary focus on solar assets. The fund’s initial public offering (IPO) was in July 2013, making it the first investment company focused on solar PV to be listed on the London Stock Exchange (LSE). The investment objective of the fund is to deliver long term, attractive yield via the payment of quarterly dividends.

The fund primarily targets utility scale solar assets and portfolios on greenfield, industrial and/or commercial sites.