Skyline Builders Group (NASDAQ:KAZR) Stock Price Down 15% – Here’s Why

Shares of Skyline Builders Group Holding Limited (NASDAQ:KAZR) were down 15% during trading on Thursday. The stock traded as low as $2.39 and last traded at $2.43. 269,436 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 343,942 shares. The stock had previously closed at $2.86.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Skyline Builders Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Skyline Builders Group has a consensus rating of “Sell”.

Skyline Builders Group Stock Performance

The stock’s 50 day moving average is $2.20 and its two-hundred day moving average is $2.88. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.99 and a current ratio of 2.99.

Skyline Builders Group (NASDAQ:KAZR) last issued its quarterly earnings results on Monday, August 17th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $11.50 million for the quarter.

Hedge Funds Weigh In On Skyline Builders Group

A number of institutional investors and hedge funds have recently modified their holdings of KAZR. FNY Investment Advisers LLC acquired a new stake in Skyline Builders Group in the second quarter valued at $112,000. Rathbones Group PLC boosted its position in shares of Skyline Builders Group by 59.2% during the 1st quarter. Rathbones Group PLC now owns 196,393 shares of the company’s stock worth $607,000 after acquiring an additional 73,000 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Skyline Builders Group in the 1st quarter valued at about $113,000. Finally, GC Wealth Management RIA LLC acquired a new stake in shares of Skyline Builders Group during the 1st quarter worth about $1,267,000.

Skyline Builders Group Company Profile

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.