Foresight Solar (LON:FSFL) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Foresight Solar (LON:FSFL) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 85.19 ($1.06) and traded as low as GBX 70 ($0.87). Foresight Solar shares last traded at GBX 70 ($0.87), with a volume of 758,089 shares traded.

Foresight Solar Stock Down 0.7 %

The company has a current ratio of 13.35, a quick ratio of 121.68 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of £397.69 million, a price-to-earnings ratio of -3,500.00 and a beta of 0.27. The firm has a fifty day moving average price of GBX 76.29 and a 200 day moving average price of GBX 85.15.

Foresight Solar Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 23rd will be given a dividend of GBX 2 ($0.02) per share. This represents a dividend yield of 2.48%. The ex-dividend date is Thursday, January 23rd. Foresight Solar’s dividend payout ratio is currently -40,000.00%.

Insider Buying and Selling

In other Foresight Solar news, insider Christopher Ambler acquired 18,567 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was bought at an average cost of GBX 81 ($1.01) per share, with a total value of £15,039.27 ($18,773.27). Also, insider Tony Roper purchased 15,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was purchased at an average cost of GBX 81 ($1.01) per share, with a total value of £12,150 ($15,166.65). 0.10% of the stock is owned by insiders.

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.