Foresight Solar (LON:FSFL) Stock Price Crosses Above Fifty Day Moving Average of $87.52

Foresight Solar (LON:FSFL)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 87.52 ($1.11) and traded as high as GBX 89.90 ($1.14). Foresight Solar shares last traded at GBX 89.90 ($1.14), with a volume of 643,318 shares changing hands.

Foresight Solar Price Performance

The firm has a 50-day moving average of GBX 87.52 and a 200 day moving average of GBX 90.97. The company has a market capitalization of £511.56 million, a PE ratio of -4,495.00 and a beta of 0.26. The company has a debt-to-equity ratio of 0.03, a current ratio of 13.35 and a quick ratio of 121.68.

Foresight Solar Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, August 23rd. Stockholders of record on Thursday, July 25th will be issued a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, July 25th. This is an increase from Foresight Solar’s previous dividend of $1.90. Foresight Solar’s dividend payout ratio (DPR) is presently -40,000.00%.

Insider Activity

In related news, insider Christopher Ambler bought 11,523 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were bought at an average price of GBX 87 ($1.11) per share, for a total transaction of £10,025.01 ($12,738.26). In other Foresight Solar news, insider Alex Ohlsson purchased 100,000 shares of Foresight Solar stock in a transaction dated Friday, May 24th. The stock was purchased at an average price of GBX 87 ($1.11) per share, with a total value of £87,000 ($110,546.38). Also, insider Christopher Ambler acquired 11,523 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was acquired at an average cost of GBX 87 ($1.11) per share, for a total transaction of £10,025.01 ($12,738.26). 0.08% of the stock is owned by corporate insiders.

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.