Foresight Solar (LON:FSFL) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Foresight Solar (LON:FSFL) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 89.56 ($1.17) and traded as low as GBX 88 ($1.15). Foresight Solar shares last traded at GBX 88 ($1.15), with a volume of 540,634 shares changing hands.

Foresight Solar Price Performance

The company’s 50-day moving average price is GBX 92.40 and its 200-day moving average price is GBX 89.56. The company has a quick ratio of 121.68, a current ratio of 13.35 and a debt-to-equity ratio of 0.03. The firm has a market cap of £504.13 million, a price-to-earnings ratio of -4,400.00 and a beta of 0.27.

Foresight Solar Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th will be issued a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend is Thursday, October 24th. This represents a yield of 2.14%. Foresight Solar’s dividend payout ratio (DPR) is presently -40,000.00%.

About Foresight Solar

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.