Foresight Solar (LON:FSFL) Stock Passes Below 200 Day Moving Average – Time to Sell?

Posted by Micah Haroldson on Jan 19th, 2025

Foresight Solar (LON:FSFL – Get Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 85.95 ($1.05) and traded as low as GBX 71.55 ($0.87). Foresight Solar shares last traded at GBX 73 ($0.89), with a volume of 11,506,105 shares trading hands.

Foresight Solar Stock Performance

The company has a current ratio of 13.35, a quick ratio of 121.68 and a debt-to-equity ratio of 0.03. The company has a market cap of £412.46 million, a PE ratio of -3,630.00 and a beta of 0.27. The business’s 50 day moving average is GBX 77.25 and its two-hundred day moving average is GBX 85.80.

Foresight Solar Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 23rd will be paid a GBX 2 ($0.02) dividend. 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 -40,000.00%.

Insider Activity at Foresight Solar

In other news, insider Tony Roper purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was bought at an average cost of GBX 81 ($0.99) per share, with a total value of £12,150 ($14,782.82). Also, insider Christopher Ambler purchased 18,567 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were purchased at an average price of GBX 81 ($0.99) per share, with a total value of £15,039.27 ($18,298.17). 0.10% of the stock is owned by corporate insiders.

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.