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

Foresight Solar (LON:FSFL) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 80.12 ($1.03) and traded as low as GBX 76.50 ($0.99). Foresight Solar shares last traded at GBX 76.56 ($0.99), with a volume of 6,403,639 shares traded.

Analyst Ratings Changes

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

Foresight Solar Price Performance

The firm has a market cap of £433.64 million, a P/E ratio of 68.92 and a beta of 0.27. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 121.68. The stock’s 50-day simple moving average is GBX 76.76 and its two-hundred day simple moving average is GBX 80.02.

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

Foresight Solar Dividend Announcement

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

About Foresight Solar

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.