Foresight Solar (LON:FSFL) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Shares of Foresight Solar (LON:FSFL) passed 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 trading hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated 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 capitalization of £452.55 million, a PE ratio of 71.93 and a beta of 0.27. The firm’s fifty day moving average price is GBX 75.87 and its 200 day moving average price is GBX 80.74. The company has a current ratio of 1.84, a quick ratio of 121.68 and a debt-to-equity ratio of 0.03.

Foresight Solar (LON:FSFL) last posted 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%. As a group, equities analysts forecast that Foresight Solar will post 2.0674521 earnings per share for the current year.

Foresight Solar Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be given a dividend of GBX 2 ($0.03) per share. This represents a 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.