Foresight Solar (LON:FSFL) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Foresight Solar (LON:FSFL)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 85.95 ($1.05) and traded as low as GBX 71.55 ($0.88). Foresight Solar shares last traded at GBX 73 ($0.89), with a volume of 11,506,105 shares traded.

Foresight Solar Price Performance

The company has a fifty day moving average price of GBX 77.44 and a two-hundred day moving average price of GBX 85.95. 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 company has a market cap of £416.44 million, a price-to-earnings ratio of -3,665.00 and a beta of 0.27.

Foresight Solar Announces Dividend

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

Insider Activity at Foresight Solar

In related news, insider Christopher Ambler purchased 18,567 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average price of GBX 81 ($0.99) per share, with a total value of £15,039.27 ($18,401.16). Also, insider Tony Roper purchased 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was bought at an average cost of GBX 81 ($0.99) per share, for a total transaction of £12,150 ($14,866.02). 0.10% of the stock is owned by insiders.

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.