Skyline Builders Group (NASDAQ:SKBL) Trading Down 1.4% – Here’s What Happened

Shares of Skyline Builders Group Holding Limited (NASDAQ:SKBL) fell 1.4% on Thursday . The stock traded as low as $2.58 and last traded at $3.2550. Approximately 496,147 shares were traded during trading, an increase of 122% from the average daily volume of 222,994 shares. The stock had previously closed at $3.30.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Skyline Builders Group in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Skyline Builders Group Stock Performance

The company has a 50 day simple moving average of $3.36 and a 200 day simple moving average of $3.19.

Skyline Builders Group (NASDAQ:SKBL) last posted its earnings results on Tuesday, March 31st. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $13.55 million during the quarter.

Institutional Trading of Skyline Builders Group

A number of large investors have recently made changes to their positions in the stock. Prelude Capital Management LLC acquired a new position in Skyline Builders Group in the 3rd quarter valued at about $91,000. GM Advisory Group LLC acquired a new stake in shares of Skyline Builders Group during the 4th quarter worth about $109,000. Renaissance Technologies LLC acquired a new stake in shares of Skyline Builders Group during the 1st quarter worth about $113,000. Southport Management L.L.C. purchased a new stake in shares of Skyline Builders Group during the third quarter worth about $131,000. Finally, Jump Financial LLC purchased a new stake in shares of Skyline Builders Group during the second quarter worth about $281,000.

About Skyline Builders Group

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.