Foresight Solar (LON:FSFL) Share Price Passes Above 50 Day Moving Average – Here’s Why

Foresight Solar (LON:FSFLGet Free Report)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 74.17 ($0.96) and traded as high as GBX 80.20 ($1.04). Foresight Solar shares last traded at GBX 80.20 ($1.04), with a volume of 794,139 shares.

Analysts Set New Price Targets

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

Read Our Latest Report on FSFL

Foresight Solar Stock Up 1.2 %

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 company has a market cap of £459.92 million, a price-to-earnings ratio of 73.10 and a beta of 0.27. The business has a 50-day simple moving average of GBX 74.28 and a two-hundred day simple moving average of GBX 81.56.

Foresight Solar Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, February 21st. Investors of record on Thursday, January 23rd were paid a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a yield of 2.48%. Foresight Solar’s payout ratio is 720.16%.

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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