SDCL Energy Efficiency Income Trust (LON:SEIT) Sets New 52-Week Low – Should You Sell?

SDCL Energy Efficiency Income Trust Plc (LON:SEIT) reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 49.50 ($0.63) and last traded at GBX 50 ($0.63), with a volume of 718086 shares. The stock had previously closed at GBX 49.70 ($0.63).

SDCL Energy Efficiency Income Trust Trading Up 0.6 %

The company has a 50 day simple moving average of GBX 52.75 and a two-hundred day simple moving average of GBX 57.16. The firm has a market capitalization of £547.31 million, a P/E ratio of -9.67 and a beta of 0.48.

About SDCL Energy Efficiency Income Trust

SDCL Energy 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.