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Foresight Solar (LON:FSFL) Stock Passes Below Two Hundred Day Moving Average - Here's Why

Foresight Solar logo with Financial Services background

Foresight Solar (LON:FSFL - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 77.09 ($1.04) and traded as low as GBX 76.20 ($1.03). Foresight Solar shares last traded at GBX 76.80 ($1.03), with a volume of 395,574 shares.

Analyst Ratings Changes

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

Check Out Our Latest Report on FSFL

Foresight Solar Stock Performance

The company has a 50 day moving average price of GBX 77.89 and a 200 day moving average price of GBX 76.96. The company has a market capitalization of £430.15 million, a PE ratio of 68.36 and a beta of 0.27. The company has a debt-to-equity ratio of 0.03, a quick ratio of 121.68 and a current ratio of 1.84.

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

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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