Bluefield Solar Income Fund (LON:BSIF) Hits New 12-Month Low – Time to Sell?

Bluefield Solar Income Fund (LON:BSIF) shares hit a new 52-week low on Wednesday . The company traded as low as GBX 67.50 and last traded at GBX 67.50, with a volume of 1178228 shares. The stock had previously closed at GBX 70.10.

Analyst Upgrades and Downgrades

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

Bluefield Solar Income Fund Stock Performance

The company has a market cap of £399.65 million, a P/E ratio of -14.09 and a beta of 0.14. The business has a 50 day moving average price of GBX 76.79 and a two-hundred day moving average price of GBX 87.25.

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