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

Key Points

• Foresight Solar's stock (LON:FSFL) has dropped below its 200-day moving average of GBX 81.66, trading at GBX 75.60 ($1.02).
• The company reported a net margin of 44.44% and earnings per share (EPS) of GBX (0.29) in its latest quarterly earnings.
• Foresight Solar Fund Limited invests in ground-based solar PV and battery storage assets in the UK and aims for sustainable investment returns alongside strong ESG benefits.

Foresight Solar (LON:FSFL - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 81.66 ($1.10) and traded as low as GBX 75.60 ($1.02). Foresight Solar shares last traded at GBX 75.60 ($1.02), with a volume of 1,375,464 shares changing hands.

Foresight Solar Price Performance

The stock has a market cap of £419.77 million, a P/E ratio of 14,568.85 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 fifty day simple moving average is GBX 84.93 and its 200-day simple moving average is GBX 81.69.

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 forecast that Foresight Solar will post 2.0674521 EPS for the current year.

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.