Skyline Builders Group (NASDAQ:KAZR) Stock Falls 0.6% – Here’s What Happened

Skyline Builders Group Holding Limited (NASDAQ:KAZR – Get Free Report) was down 0.6% during trading on Friday. The stock traded as low as $1.60 and last traded at $1.65. 98,049 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 167,149 shares. The stock had previously closed at $1.66.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Skyline Builders Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has an average rating of “Sell”.

Get Our Latest Stock Analysis on Skyline Builders Group

Skyline Builders Group Trading Down 0.6%

The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $2.18 and a 200-day moving average of $2.76.

Skyline Builders Group (NASDAQ:KAZR – Get Free Report) last released its earnings results on Monday, August 17th. The company reported ($0.10) EPS for the quarter. The company had revenue of $11.50 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new position in shares of Skyline Builders Group during the first quarter valued at $113,000. FNY Investment Advisers LLC bought a new position in shares of Skyline Builders Group during the 2nd quarter valued at $112,000. Rathbones Group PLC boosted its holdings in Skyline Builders Group by 59.2% in the first quarter. Rathbones Group PLC now owns 196,393 shares of the company’s stock worth $607,000 after purchasing an additional 73,000 shares in the last quarter. Finally, GC Wealth Management RIA LLC bought a new position in Skyline Builders Group during the first quarter valued at about $1,267,000.

About Skyline Builders Group

(Get Free Report)

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.

Further Reading

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