Bluefield Solar Income Fund (LON:BSIF) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Bluefield Solar Income Fund (LON:BSIF)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 86.89 ($1.12) and traded as high as GBX 89.70 ($1.16). Bluefield Solar Income Fund shares last traded at GBX 89.10 ($1.15), with a volume of 372,368 shares changing hands.

Bluefield Solar Income Fund Stock Up 0.9 %

The stock has a market capitalization of £534.76 million, a P/E ratio of -57.41 and a beta of 0.14. The business’s 50 day simple moving average is GBX 86.76 and its two-hundred day simple moving average is GBX 97.13.

Bluefield Solar Income Fund (LON:BSIF) last released its quarterly earnings data 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%. Analysts predict that Bluefield Solar Income Fund will post 302.1632747 earnings per share for the current year.

Bluefield Solar Income Fund Dividend Announcement

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