Bluefield Solar Income Fund (LON:BSIF) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Bluefield Solar Income Fund (LON:BSIF) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 87.03 ($1.13) and traded as high as GBX 89.30 ($1.15). Bluefield Solar Income Fund shares last traded at GBX 88.31 ($1.14), with a volume of 2,852,295 shares traded.

Bluefield Solar Income Fund Price Performance

The firm has a 50-day moving average price of GBX 87.03 and a two-hundred day moving average price of GBX 94.85. The firm has a market capitalization of £525.30 million, a P/E ratio of -56.40 and a beta of 0.14.

Bluefield Solar Income Fund (LON:BSIF) last posted its quarterly earnings results on Thursday, February 27th. The company reported GBX 6.83 ($0.09) earnings per share for the quarter. Bluefield Solar Income Fund had a net margin of 129.55% and a negative return on equity of 1.19%. Sell-side analysts predict that Bluefield Solar Income Fund will post 302.1632747 earnings per share for the current fiscal year.

Bluefield Solar Income Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 6th were issued a dividend of GBX 2.20 ($0.03) per share. This represents a yield of 2.68%. The ex-dividend date was Thursday, February 6th. Bluefield Solar Income Fund’s payout ratio is -574.78%.

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).