Foresight Solar (LON:FSFL) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of Foresight Solar (LON:FSFL) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 73.69 ($0.93) and traded as high as GBX 77.80 ($0.99). Foresight Solar shares last traded at GBX 74 ($0.94), with a volume of 819,361 shares changing hands.

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.

Foresight Solar Trading Up 2.2 %

The company has a fifty day moving average of GBX 73.68 and a two-hundred day moving average of GBX 82.68. 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 market capitalization of £428.20 million, a price-to-earnings ratio of 68.05 and a beta of 0.27.

Foresight Solar Dividend Announcement

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

Foresight Solar Company Profile

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.