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 50 day moving average during trading on Friday . The stock has a 50 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.

Analyst Upgrades and Downgrades

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

Bluefield Solar Income Fund Stock Performance

The firm’s 50-day simple moving average is GBX 69.50 and its 200 day simple moving average is GBX 81.29. The stock has a market capitalization of £408.54 million, a P/E ratio of -14.41 and a beta of 0.14.

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

About Bluefield Solar Income Fund

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.