Foresight Solar (LON:FSFL) Stock Passes Below 50-Day Moving Average - Should You Sell?

Key Points

• Foresight Solar shares fell below their 50-day moving average of GBX 81.73, trading as low as GBX 76.15, indicating potential concerns among investors.
• The company's latest quarterly earnings report showed a net margin of 44.44% and earnings per share (EPS) of GBX (0.29), sparking forecasts of 2.07 EPS for the current fiscal year.
• Insider Tony Roper recently bought 40,000 shares at GBX 76, demonstrating confidence in the company's future despite current stock performance.

Foresight Solar (LON:FSFL - Get Free Report)'s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 81.73 ($1.10) and traded as low as GBX 76.15 ($1.02). Foresight Solar shares last traded at GBX 76.40 ($1.03), with a volume of 468,042 shares changing hands.

Foresight Solar Trading Down 0.7%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 121.68 and a current ratio of 1.84. The stock's 50-day simple moving average is GBX 81.73 and its 200-day simple moving average is GBX 81.38. The firm has a market capitalization of £419.52 million, a PE ratio of 9,726.79 and a beta of 0.27.

Foresight Solar (LON:FSFL - Get Free Report) last announced its quarterly earnings results on Thursday, September 18th. The company reported GBX (0.29) earnings per share (EPS) for the quarter. Foresight Solar had a net margin of 44.44% and a return on equity of 0.94%. As a group, sell-side analysts expect that Foresight Solar will post 2.0674521 EPS for the current fiscal year.

Insider Buying and Selling at Foresight Solar

In other news, insider Tony Roper bought 40,000 shares of Foresight Solar stock in a transaction on Monday, September 22nd. The shares were purchased at an average price of GBX 76 per share, for a total transaction of £30,400. Company insiders own 0.15% of the company's stock.

Foresight Solar Company Profile

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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