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Foresight Solar (LON:FSFL) Share Price Crosses Above 50-Day Moving Average - Here's What Happened

Foresight Solar logo with Financial Services background

Shares of Foresight Solar (LON:FSFL - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 80.70 ($1.08) and traded as high as GBX 88.60 ($1.19). Foresight Solar shares last traded at GBX 88.60 ($1.19), with a volume of 1,232,447 shares traded.

Foresight Solar Price Performance

The stock has a market capitalization of £518.26 million, a PE ratio of 82.37 and a beta of 0.27. The company has a current ratio of 1.84, a quick ratio of 121.68 and a debt-to-equity ratio of 0.03. The company's 50 day simple moving average is GBX 81.53 and its 200 day simple moving average is GBX 78.15.

Insider Activity

In related news, insider Tony Roper acquired 40,000 shares of the stock in a transaction dated Thursday, June 12th. The stock was bought at an average cost of GBX 81 ($1.09) per share, with a total value of £32,400 ($43,507.45). 0.10% of the stock is owned by corporate insiders.

Foresight Solar Company Profile

(Get Free Report)

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.

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