Skyline Builders Group (NASDAQ:SKBL) Issues Earnings Results

Skyline Builders Group (NASDAQ:SKBL) announced its quarterly earnings data on Tuesday. The company reported $0.01 EPS for the quarter, FiscalAI reports. The company had revenue of $13.55 million during the quarter.

Skyline Builders Group Stock Down 0.8%

Shares of SKBL stock traded down $0.02 on Wednesday, hitting $3.07. 19,246 shares of the stock were exchanged, compared to its average volume of 153,878. The firm’s 50 day moving average is $3.08 and its two-hundred day moving average is $3.06. Skyline Builders Group has a one year low of $0.42 and a one year high of $14.25.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Skyline Builders Group in a research note on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Skyline Builders Group currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Skyline Builders Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sage Advisors LLC bought a new stake in shares of Skyline Builders Group in the third quarter valued at approximately $49,000. Jump Financial LLC bought a new position in Skyline Builders Group in the 2nd quarter worth approximately $281,000. Prelude Capital Management LLC bought a new position in Skyline Builders Group in the 3rd quarter worth approximately $91,000. GM Advisory Group LLC purchased a new position in Skyline Builders Group in the 4th quarter valued at approximately $109,000. Finally, Southport Management L.L.C. purchased a new position in Skyline Builders Group in the 3rd quarter valued at approximately $131,000.

About Skyline Builders Group

Skyline Builders Group Holding Ltd. operates as an exempted limited liability company. It operates business through its subsidiary, Kin Chiu Engineering Limited, which provides construction activities include public civil engineering works, such as road and drainage works in Hong Kong. The company was founded on June 25, 2024 and is headquartered in Hong Kong.