Skyline Builders Group (NASDAQ:SKBL) Shares Down 1.4% – Should You Sell?

Skyline Builders Group Holding Limited (NASDAQ:SKBL) shares traded down 1.4% during trading on Thursday . The company traded as low as $2.58 and last traded at $3.2550. 496,147 shares were traded during trading, an increase of 122% from the average session volume of 222,994 shares. The stock had previously closed at $3.30.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Skyline Builders Group in a report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Skyline Builders Group has an average rating of “Sell”.

Skyline Builders Group Trading Down 1.4%

The stock has a 50-day moving average price of $3.36 and a 200-day moving average price of $3.19.

Skyline Builders Group (NASDAQ:SKBL) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.01 earnings per share for the quarter. The company had revenue of $13.55 million during the quarter.

Hedge Funds Weigh In On Skyline Builders Group

A number of institutional investors have recently made changes to their positions in SKBL. Prelude Capital Management LLC bought a new stake in shares of Skyline Builders Group during the 3rd quarter worth $91,000. GM Advisory Group LLC bought a new position in Skyline Builders Group in the fourth quarter valued at $109,000. Renaissance Technologies LLC bought a new position in Skyline Builders Group in the first quarter valued at $113,000. Southport Management L.L.C. purchased a new stake in Skyline Builders Group during the third quarter valued at about $131,000. Finally, Jump Financial LLC purchased a new stake in Skyline Builders Group during the second quarter valued at about $281,000.

Skyline Builders Group Company Profile

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.