Skyline Builders Group Holding Limited (NASDAQ:SKBL – Get Free Report)’s share price traded down 1.4% on Thursday . The stock traded as low as $2.58 and last traded at $3.2550. Approximately 496,147 shares changed hands during trading, an increase of 122% from the average daily volume of 222,994 shares. The stock had previously closed at $3.30.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Skyline Builders Group in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.
Read Our Latest Report on Skyline Builders Group
Skyline Builders Group Stock Performance
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SKBL. JPMorgan Chase & Co. purchased a new stake in Skyline Builders Group in the second quarter valued at $574,000. Jump Financial LLC purchased a new position in shares of Skyline Builders Group during the 2nd quarter valued at about $281,000. BNP Paribas Financial Markets acquired a new position in shares of Skyline Builders Group in the 2nd quarter valued at about $727,000. Southport Management L.L.C. acquired a new position in shares of Skyline Builders Group in the 3rd quarter valued at about $131,000. Finally, Prelude Capital Management LLC purchased a new stake in shares of Skyline Builders Group in the third quarter worth about $91,000.
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.
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