Sky Solar Holdings Ltd. (SKYS) lost ground during morning trading on September 22 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the utilities sector halfway through the trading day. At the lunch break, shares of SKYS have fallen 3.02% to $2.89 after closing the day prior at $2.98. So far, the stock has traded as high as $2.97 and as low as $2.89. Today’s decline has come with about 39,557 shares changing hands, compared to an average 30-day volume of 605,585 for Sky Solar Holdings Ltd.. The price is currently below the 30-day volume weighted average price of $2.92 for SKYS.
The share depreciation gives the company a market capitalization of $145.28 million based upon 48.75 million shares outstanding. It also means that SKYS has a price-to-book ratio of 1.24:1.
In the past 52 weeks, shares of SKYS have traded as low as $1.12 and as high as $8.38. Technical traders will take note that at $2.89, shares of SKYS are trading below their 200-day MA at $3.54 and above their 50-day MA at $2.84. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is SKYS?
Sky Solar Holdings Ltd develops, owns and operates solar parks and sells electricity. Its geographic operations include Greece, Canada, Bulgaria, Germany, Czech, Japan, Spain, Italy, and Uruguay. The company’s 158 employees are led by CEO Weili Su from the corporate headquarters at 100 QRC Queen's Road, Central in Hong Kong, .
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