Skyline Builders Group (NASDAQ:SKBL) Trading 0.7% Higher – Here’s What Happened

Skyline Builders Group Holding Limited (NASDAQ:SKBL) shares shot up 0.7% during mid-day trading on Wednesday . The stock traded as high as $3.15 and last traded at $2.93. 439,850 shares were traded during mid-day trading, a decline of 76% from the average session volume of 1,801,743 shares. The stock had previously closed at $2.91.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Skyline Builders Group in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Skyline Builders Group Stock Performance

The stock has a 50-day moving average of $1.65 and a 200 day moving average of $6.95.

Institutional Investors Weigh In On Skyline Builders Group

A number of large investors have recently bought and sold shares of SKBL. JPMorgan Chase & Co. acquired a new position in Skyline Builders Group in the second quarter worth about $574,000. Quadrature Capital Ltd bought a new stake in shares of Skyline Builders Group during the second quarter valued at approximately $1,258,000. Jump Financial LLC acquired a new stake in Skyline Builders Group in the second quarter worth $281,000. Finally, BNP Paribas Financial Markets acquired a new stake in Skyline Builders Group in the 2nd quarter valued at $727,000.

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.