Sky Solar Holdings Ltd (NASDAQ:SKYS) dropped 1.4% on Wednesday . The stock traded as low as $2.84 and last traded at $2.91, with a volume of 88,381 shares traded. The stock had previously closed at $2.95.

SKYS has been the topic of several analyst reports. Roth Capital reaffirmed a “buy” rating and issued a $8.00 target price on shares of Sky Solar Holdings in a research report on Tuesday, August 23rd. Zacks Investment Research raised Sky Solar Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 2nd.

The company’s 50-day moving average price is $2.90 and its 200 day moving average price is $3.06. The firm’s market cap is $131.12 million.

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Sky Solar Holdings (NASDAQ:SKYS) last issued its quarterly earnings results on Thursday, September 8th. The company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The business earned $17 million during the quarter. On average, equities research analysts predict that Sky Solar Holdings Ltd will post ($0.10) EPS for the current fiscal year.

An institutional investor recently bought a new position in Sky Solar Holdings stock. Quentec Asset Management LLC acquired a new stake in Sky Solar Holdings Ltd (NASDAQ:SKYS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 312,890 shares of the company’s stock, valued at approximately $911,000. Quentec Asset Management LLC owned about 0.61% of Sky Solar Holdings at the end of the most recent reporting period.

Sky Solar Holdings Company Profile

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.

5 Day Chart for NASDAQ:SKYS

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