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

Bluefield Solar Income Fund (LON:BSIF) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 87.72 ($1.11) and traded as high as GBX 88.40 ($1.12). Bluefield Solar Income Fund shares last traded at GBX 86 ($1.09), with a volume of 849,333 shares trading hands.

Bluefield Solar Income Fund Price Performance

The firm has a market cap of £511.56 million, a P/E ratio of -54.92 and a beta of 0.14. The stock has a 50 day moving average of GBX 87.72 and a 200 day moving average of GBX 98.65.

Bluefield Solar Income Fund (LON:BSIF) last released its earnings results on Wednesday, November 20th. The company reported GBX 10.57 ($0.13) EPS for the quarter. Bluefield Solar Income Fund had a negative return on equity of 1.19% and a net margin of 129.55%. On average, research analysts predict that Bluefield Solar Income Fund will post 302.1632747 EPS for the current fiscal year.

Bluefield Solar Income Fund Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 6th will be paid a GBX 2.20 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a yield of 2.68%. Bluefield Solar Income Fund’s dividend payout ratio is presently -574.78%.

Bluefield Solar Income Fund Company Profile

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).