Foresight Solar (LON:FSFL) Shares Cross Below 200-Day Moving Average – Here’s Why

Foresight Solar (LON:FSFL) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Foresight Solar Stock Performance

The company has a current ratio of 13.35, a quick ratio of 121.68 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average price is GBX 83.60 and its two-hundred day moving average price is GBX 88.36. The stock has a market capitalization of £443.14 million, a PE ratio of -3,900.00 and a beta of 0.27.

Foresight Solar Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 23rd will be given a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, January 23rd. Foresight Solar’s dividend payout ratio (DPR) is presently -40,000.00%.

Insider Buying and Selling

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

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.