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

Bluefield Solar Income Fund (LON:BSIF)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 69.50 and traded as high as GBX 69.90. Bluefield Solar Income Fund shares last traded at GBX 69, with a volume of 721,050 shares changing hands.

Wall Street Analyst Weigh In

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

Bluefield Solar Income Fund Trading Up 1.5%

The firm has a market cap of £408.54 million, a P/E ratio of -14.41 and a beta of 0.14. The company’s 50-day moving average is GBX 69.50 and its two-hundred day moving average is GBX 81.29.

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

Bluefield Solar Income Fund Company Profile

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.