Bluefield Solar Income Fund (LON:BSIF) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Shares of Bluefield Solar Income Fund (LON:BSIF) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 93.38 ($1.15) and traded as low as GBX 86 ($1.06). Bluefield Solar Income Fund shares last traded at GBX 86.50 ($1.07), with a volume of 999,119 shares changing hands.

Bluefield Solar Income Fund Stock Performance

The stock has a market capitalization of £523.08 million, a P/E ratio of 288.33 and a beta of 0.14. The business has a 50-day moving average price of GBX 93.38 and a 200 day moving average price of GBX 102.37.

Insiders Place Their Bets

In other news, insider Glen Suarez acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average cost of GBX 98 ($1.21) per share, with a total value of £9,800 ($12,083.85). Corporate insiders own 5.42% of the company’s stock.

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).