Foresight Solar (LON:FSFL) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

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 traded.

Analyst Ratings Changes

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

Foresight Solar Price Performance

The company has a 50-day moving average of GBX 76.01 and a 200-day moving average of GBX 80.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 121.68 and a current ratio of 1.84. The firm has a market capitalization of £450.29 million, a price-to-earnings ratio of 71.57 and a beta of 0.27.

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

Foresight Solar Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be issued a dividend of GBX 2 ($0.03) per share. This represents a yield of 2.45%. The ex-dividend date of this dividend is Thursday, April 24th. Foresight Solar’s dividend payout ratio (DPR) is presently 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.