Skyline Builders Group (NASDAQ:SKBL) Releases Quarterly Earnings Results

Skyline Builders Group (NASDAQ:SKBL) released its earnings results on Tuesday. The company reported $0.01 earnings per share for the quarter, FiscalAI reports. The company had revenue of $13.55 million during the quarter.

Skyline Builders Group Stock Performance

Shares of SKBL traded down $0.03 during trading hours on Wednesday, hitting $3.07. 20,289 shares of the company were exchanged, compared to its average volume of 153,967. The firm’s 50 day moving average is $3.08 and its 200-day moving average is $3.06. Skyline Builders Group has a 52 week low of $0.42 and a 52 week high of $14.25.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Skyline Builders Group in a research report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Skyline Builders Group has a consensus rating of “Sell”.

Hedge Funds Weigh In On Skyline Builders Group

Institutional investors have recently made changes to their positions in the business. Sage Advisors LLC bought a new stake in Skyline Builders Group in the 3rd quarter valued at $49,000. Jump Financial LLC acquired a new stake in shares of Skyline Builders Group during the 2nd quarter valued at about $281,000. Prelude Capital Management LLC bought a new stake in Skyline Builders Group in the third quarter valued at about $91,000. GM Advisory Group LLC bought a new stake in Skyline Builders Group in the fourth quarter valued at about $109,000. Finally, Southport Management L.L.C. acquired a new position in Skyline Builders Group in the third quarter worth about $131,000.

About Skyline Builders Group

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.