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

Bluefield Solar Income Fund (LON:BSIF)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 86.40 ($1.12) and traded as high as GBX 91.70 ($1.19). Bluefield Solar Income Fund shares last traded at GBX 91.30 ($1.18), with a volume of 504,268 shares.

Bluefield Solar Income Fund Price Performance

The stock has a market cap of £543.09 million, a price-to-earnings ratio of -58.31 and a beta of 0.14. The stock has a fifty day moving average of GBX 86.40 and a 200 day moving average of GBX 96.59.

Bluefield Solar Income Fund (LON:BSIF) last posted its earnings results on Thursday, February 27th. The company reported GBX 6.83 ($0.09) earnings per share (EPS) 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, equities analysts expect that Bluefield Solar Income Fund will post 302.1632747 earnings per share for the current fiscal year.

Bluefield Solar Income Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 6th were paid 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).