Foresight Solar (LON:FSFL) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Foresight Solar (LON:FSFL)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 80.74 ($1.05) and traded as low as GBX 79.40 ($1.03). Foresight Solar shares last traded at GBX 79.90 ($1.03), with a volume of 5,004,140 shares.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “buy” rating on shares of Foresight Solar in a report on Tuesday, February 18th.

Foresight Solar Stock Performance

The company has a market cap of £450.29 million, a price-to-earnings ratio of 71.57 and a beta of 0.27. The company has a quick ratio of 121.68, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company’s fifty day moving average price is GBX 76.01 and its two-hundred day moving average price is GBX 80.64.

Foresight Solar (LON:FSFL) last announced its earnings results on Thursday, March 20th. The company reported GBX 0.52 ($0.01) earnings per share (EPS) for the quarter. Foresight Solar had a net margin of 44.44% and a return on equity of 0.94%. Research analysts expect that Foresight Solar will post 2.0674521 earnings per share for the current year.

Foresight Solar Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be given a GBX 2 ($0.03) dividend. The ex-dividend date is Thursday, April 24th. This represents a yield of 2.45%. Foresight Solar’s payout ratio is 720.16%.

Foresight Solar Company Profile

Foresight Solar Fund Limited (“FSFL”) is a Jersey-registered, closed-end investment company investing in a diversified portfolio of ground-based solar PV and battery storage assets in the UK and internationally. The Company aims to deliver sustainable investment returns alongside strong environmental, social and governance (“ESG”) benefits.