Foresight Solar (LON:FSFL) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Foresight Solar (LON:FSFL) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 80.74 ($1.05) and traded as low as GBX 79.40 ($1.03). Foresight Solar shares last traded at GBX 79.90 ($1.03), with a volume of 5,004,140 shares traded.

Wall Street Analysts Forecast Growth

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

Foresight Solar Price Performance

The stock has a 50-day moving average price of GBX 75.87 and a two-hundred day moving average price of GBX 80.74. The company has a current ratio of 1.84, a quick ratio of 121.68 and a debt-to-equity ratio of 0.03. The stock has a market cap of £452.55 million, a price-to-earnings ratio of 71.93 and a beta of 0.27.

Foresight Solar (LON:FSFL) last issued its quarterly earnings results on Thursday, March 20th. The company reported GBX 0.52 ($0.01) earnings per share for the quarter. Foresight Solar had a return on equity of 0.94% and a net margin of 44.44%. As a group, equities research analysts forecast that Foresight Solar will post 2.0674521 EPS for the current year.

Foresight Solar Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be given a dividend of GBX 2 ($0.03) per share. This represents a yield of 2.45%. The ex-dividend date is Thursday, April 24th. Foresight Solar’s dividend payout ratio is presently 720.16%.

About Foresight Solar

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.