Foresight Group (LON:FSG) Stock Price Down 1% – Here’s Why

Foresight Group Holdings Limited (LON:FSG)’s share price dropped 1% during trading on Thursday . The stock traded as low as GBX 404 ($5.05) and last traded at GBX 407 ($5.09). Approximately 238,255 shares were traded during trading, an increase of 24% from the average daily volume of 192,903 shares. The stock had previously closed at GBX 411 ($5.14).

Foresight Group Trading Down 1.0 %

The firm has a 50-day moving average of GBX 447.91 and a 200 day moving average of GBX 481.05. The stock has a market capitalization of £469.27 million, a price-to-earnings ratio of 1,850.00 and a beta of 0.44.

Foresight Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be given a GBX 7.40 ($0.09) dividend. This represents a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, January 16th. Foresight Group’s payout ratio is 14,090.91%.

Foresight Group Company Profile

Foresight Group Holdings Limited operates as an infrastructure and private equity manager in the United Kingdom, Italy, Luxembourg, Ireland, Spain, and Australia. It operates through Infrastructure, Private Equity, and Foresight Capital Management segments. The company involved in the provision of the management of infrastructure assets, private equity investments, and open-ended investment companies for institutional and retail investors.