Foresight Solar (LON:FSFL) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

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 85.19 ($1.06) and traded as low as GBX 70 ($0.87). Foresight Solar shares last traded at GBX 70 ($0.87), with a volume of 758,089 shares changing hands.

Foresight Solar Stock Performance

The company’s 50-day moving average price is GBX 76.29 and its two-hundred day moving average price is GBX 85.15. The company has a debt-to-equity ratio of 0.03, a quick ratio of 121.68 and a current ratio of 13.35. The stock has a market cap of £397.69 million, a PE ratio of -3,500.00 and a beta of 0.27.

Foresight Solar Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 23rd will be given a dividend of GBX 2 ($0.02) per share. This represents a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, January 23rd. Foresight Solar’s dividend payout ratio (DPR) is currently -40,000.00%.

Insider Activity

In other Foresight Solar news, insider Christopher Ambler bought 18,567 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average price of GBX 81 ($1.01) per share, for a total transaction of £15,039.27 ($18,773.27). Also, insider Tony Roper bought 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average price of GBX 81 ($1.01) per share, for a total transaction of £12,150 ($15,166.65). Corporate insiders own 0.10% of the company’s stock.

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.