Sky Solar (SKYS) Sets New 12-Month Low at $0.84

Sky Solar Holdings Ltd (NASDAQ:SKYS) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $0.84 and last traded at $0.88, with a volume of 51200 shares traded. The stock had previously closed at $0.88.

SKYS has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Sky Solar from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. ValuEngine upgraded Sky Solar from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub downgraded Sky Solar from a “sell” rating to a “strong sell” rating in a research report on Friday, January 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $3.92.

The company has a current ratio of 3.46, a quick ratio of 2.37 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $341.67, a PE ratio of 11.89 and a beta of 1.37.

An institutional investor recently bought a new position in Sky Solar stock. EnTrustPermal Partners Offshore LP purchased a new stake in shares of Sky Solar Holdings Ltd (NASDAQ:SKYS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 289,288 shares of the solar energy provider’s stock, valued at approximately $434,000. EnTrustPermal Partners Offshore LP owned approximately 0.07% of Sky Solar as of its most recent SEC filing. 0.40% of the stock is owned by hedge funds and other institutional investors.

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Sky Solar Company Profile

Sky Solar Holdings, Ltd. is an investment holding company. The Company is an independent power producer (IPP) engaged in developing, owning and operating solar parks. The Company focuses on the downstream solar market and develops projects primarily in Asia, South America, Europe and North America. Its subsidiaries are engaged in activities, such as selling 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 (EPC) services ; providing operating and maintenance (O&M) services for solar parks; sales of solar modules, and building and transferring of solar parks (BT).

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