Foresight Solar (LON:FSFL) Shares Pass Above Fifty Day Moving Average - Here's What Happened

Foresight Solar (LON:FSFL - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 78.63 ($1.04) and traded as high as GBX 80.60 ($1.07). Foresight Solar shares last traded at GBX 79.80 ($1.06), with a volume of 466,862 shares traded.

Analyst Upgrades and Downgrades

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

Foresight Solar Stock Down 0.8 %

The stock's 50-day simple moving average is GBX 78.86 and its 200-day simple moving average is GBX 77.97. 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 firm has a market capitalization of £442.92 million, a P/E ratio of 70.40 and a beta of 0.27.

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

Foresight Solar Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be paid a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend is Thursday, April 24th. This represents a dividend yield of 2.45%. Foresight Solar's 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.