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

Foresight Solar logo with Financial Services background

Shares of Foresight Solar (LON:FSFL - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 77.89 ($1.03) and traded as low as GBX 75 ($1.00). Foresight Solar shares last traded at GBX 76.90 ($1.02), with a volume of 34,511,176 shares traded.

Analyst Ratings Changes

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

View Our Latest Research Report on Foresight Solar

Foresight Solar Price Performance

The stock has a market capitalization of £433.30 million, a price-to-earnings ratio of 68.86 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 moving average is GBX 78.86 and its 200 day moving average is GBX 77.65.

Foresight Solar (LON:FSFL - Get Free Report) last posted its 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%. Research analysts anticipate that Foresight Solar will post 2.0674521 EPS for the current fiscal year.

Foresight Solar Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be issued a GBX 2 ($0.03) dividend. This represents a dividend yield of 2.45%. The ex-dividend date of this dividend is Thursday, April 24th. Foresight Solar's payout ratio is currently 720.16%.

About Foresight Solar

(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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