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

Foresight Solar (LON:FSFL) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 88.40 ($1.12) and traded as low as GBX 78 ($0.98). Foresight Solar shares last traded at GBX 78 ($0.98), with a volume of 637,902 shares changing hands.

Foresight Solar Stock Performance

The firm’s 50-day moving average price is GBX 83.60 and its 200-day moving average price is GBX 88.36. The company has a debt-to-equity ratio of 0.03, a current ratio of 13.35 and a quick ratio of 121.68. The stock has a market cap of £443.14 million, a P/E ratio of -3,900.00 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. Investors of record on Thursday, January 23rd will be given a GBX 2 ($0.03) dividend. This represents a dividend yield of 2.48%. The ex-dividend date is Thursday, January 23rd. Foresight Solar’s payout ratio is currently -40,000.00%.

Insider Activity

In other Foresight Solar news, insider Tony Roper purchased 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were bought at an average price of GBX 81 ($1.02) per share, for a total transaction of £12,150 ($15,335.10). Also, insider Christopher Ambler purchased 18,567 shares of Foresight Solar stock in a transaction on Friday, November 22nd. The shares were acquired at an average cost of GBX 81 ($1.02) per share, with a total value of £15,039.27 ($18,981.79). Corporate insiders own 0.10% of the company’s stock.

Foresight Solar Company Profile

Foresight Solar Fund Limited (LSE:FSFL) specializes infrastructure investments in new energy and environment with a focus on solar power plants and solar farms. It seeks to invest in the United Kingdom.