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

Foresight Solar (LON:FSFL)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 80.12 ($1.03) and traded as low as GBX 76.50 ($0.99). Foresight Solar shares last traded at GBX 76.56 ($0.99), with a volume of 6,403,639 shares changing hands.

Wall Street Analysts Forecast Growth

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

Foresight Solar Trading Down 3.0 %

The firm has a market capitalization of £433.64 million, a P/E ratio of 68.92 and a beta of 0.27. The company has a quick ratio of 121.68, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of GBX 76.76 and a 200 day simple moving average of GBX 80.12.

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

Foresight Solar Dividend Announcement

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