Bluefield Solar Income Fund (LON:BSIF) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Bluefield Solar Income Fund (LON:BSIF) crossed above its 50 day moving average during trading on Friday . The stock has a 50 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 changing hands.

Bluefield Solar Income Fund Price Performance

The firm has a market capitalization of £543.09 million, a P/E ratio of -58.31 and a beta of 0.14. The stock’s 50-day simple moving average is GBX 86.40 and its two-hundred day simple moving average is GBX 96.51.

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

Bluefield Solar Income Fund Announces Dividend

The company also recently declared 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 of this dividend was Thursday, February 6th. This represents a dividend yield of 2.68%. Bluefield Solar Income Fund’s dividend payout ratio (DPR) 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).