SDCL Energy Efficiency Income Trust (LON:SEIT) Shares Down 2% - Here's What Happened

Key Points

• SDCL Energy Efficiency Income Trust shares fell by 2% to GBX 55.30 ($0.75) during trading, with a significant drop in volume at 1,423,777 shares, down 61% from the average session.
• The company reported a quarterly earnings per share (EPS) of GBX 6.40 and currently has a market capitalization of £600.24 million.
• SDCL aims for a total return of 7-8% for shareholders through diversified investments in energy efficiency projects across the UK, Europe, and North America.

SDCL Energy Efficiency Income Trust Plc (LON:SEIT - Get Free Report)'s share price was down 2% during mid-day trading on Thursday . The stock traded as low as GBX 55 ($0.74) and last traded at GBX 55.30 ($0.75). Approximately 1,423,777 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 3,605,225 shares. The stock had previously closed at GBX 56.40 ($0.76).

SDCL Energy Efficiency Income Trust Stock Down 0.4%

The firm has a market capitalization of £598.07 million, a PE ratio of 860.94 and a beta of 0.48. The firm's fifty day simple moving average is GBX 57.10 and its 200-day simple moving average is GBX 51.31.

SDCL Energy Efficiency Income Trust (LON:SEIT - Get Free Report) last issued its earnings results on Monday, June 23rd. The company reported GBX 6.40 earnings per share (EPS) for the quarter. SDCL Energy Efficiency Income Trust had a net margin of 125.95% and a negative return on equity of 5.73%.

About SDCL Energy Efficiency Income Trust

"SDCL Efficiency Income Trust plc is a constituent of the FTSE 250 index. It was the first UK listed company of its kind to invest exclusively in the energy efficiency sector. Its projects are primarily located in the UK, Europe and North America and include, inter alia, a portfolio of cogeneration assets in Spain, a portfolio of commercial and industrial solar and storage projects in the United States, a regulated gas distribution network in Sweden and a district energy system providing essential and efficient utility services on one of the largest business parks in the United States. The Company aims to deliver shareholders value through its investment in a diversified portfolio of energy efficiency projects which are driven by the opportunity to deliver lower cost, cleaner and more reliable energy solutions to end users of energy. The Company is targeting an attractive total return for shareholders of 7-8 per cent.