Bluefield Solar Income Fund (LON:BSIF) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Bluefield Solar Income Fund (LON:BSIF)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 72.90 and traded as low as GBX 67.10. Bluefield Solar Income Fund shares last traded at GBX 67.80, with a volume of 432,795 shares.

Analyst Upgrades and Downgrades

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

Bluefield Solar Income Fund Stock Performance

The stock has a 50-day moving average price of GBX 72.90 and a 200-day moving average price of GBX 85.26. The stock has a market cap of £401.43 million, a P/E ratio of -14.15 and a beta of 0.14.

Bluefield Solar Income Fund (LON:BSIF) last announced its earnings results on Tuesday, October 21st. The company reported GBX 10.40 earnings per share (EPS) for the quarter. Bluefield Solar Income Fund had a net margin of 129.55% and a negative return on equity of 1.19%. Sell-side analysts forecast that Bluefield Solar Income Fund will post 302.1632747 earnings per share 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.