The stock is trading at $1.93 well above the 50 day moving average of $1.63 and much higher than the 200 day moving average of $1.64. The 50 day moving average went up by +18.53% and the 200 day average was up $0.29. Trading was light with 450 shares changing hands on Tuesday. Trading volume was down 97.90% under the stocks average daily volume.
Investors are feeling more bearish on shares of Sky Solar Holdings, Ltd. – Amer lately as indicated by the uptick in short interest. The firm saw a rise in short interest of 15.16% as of the latest report on September 29, 2017. Short interest increased 17,960 over that period. With short interest at 136,439 and short average daily volume at 137,481, the short-interest ratio is 1.0 and the short interest percentage is 0.00% as of September 29.
A few notable investment firms have updated their holdings. As of quarter end Morgan Stanley had disposed of a total of 168 shares trimming its stake by 38.5%. The value of the company’s investment in Sky Solar Holdings, Ltd. – Amer went from $1,000 to $0 a change of $1,000 quarter to quarter. Invesco Ltd. expanded its ownership by buying 168,579 shares an increase of 73.1% from 03/31/2017 to 06/30/2017. Invesco Ltd. controls 399,106 shares worth $599,000. The total value of its holdings increased 27.4%.
Quentec Asset Management LLC reduced its investment by shedding 310,709 shares a decrease of 81.4%. Quentec Asset Management LLC now holds 71,193 shares with a value of $107,000. The value of the position overall is down by 86.3%. Ubs Group Ag grew its position by buying 399 shares an increase of 429.0% as of 06/30/2017. Ubs Group Ag claims 492 shares valued at $1,000. The total value of its holdings increased inf%.
On October 11 the stock rating was upgraded to “Buy” from “Buy” in a report from Roth Capital.
Sky Solar Holdings, Ltd. – Amer currently has a P/E ratio of 9.32 and the market cap is 102.59M. As of the latest earnings report the EPS was $0.21 and is projected to be $0.06 for the current year with 53,156,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.01 with next year’s EPS anticipated to be $0.10.
Sky Solar Holdings, Ltd. (Sky Solar), launched on August 19, 2013, is an investment holding company. The Company is an independent power producer (IPP) engaged in developing, owning and operating solar parks, and selling electricity. The Company focuses on the downstream solar market and develops projects primarily in Asia, South America, Europe and North America. The subsidiaries of the Company are engaged in activities, such as selling of electricity generated from solar parks owned by the Company as IPP; pipeline (including obtaining permits required for solar power projects and sourcing of solar modules), and providing engineering, procurement and construction services (EPC) (Pipeline plus EPC); providing operating and maintenance (O&M) services for solar parks (provision of O&M services); sales of solar modules, and building and transferring of solar parks (BT)..