Foresight Solar (LON:FSFL) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Foresight Solar (LON:FSFL)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 73.69 ($0.93) and traded as high as GBX 77.80 ($0.99). Foresight Solar shares last traded at GBX 74 ($0.94), with a volume of 819,361 shares traded.

Analyst Upgrades and Downgrades

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

Foresight Solar Stock Up 2.2 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 121.68. The company has a market capitalization of £428.20 million, a price-to-earnings ratio of 68.05 and a beta of 0.27. The firm’s 50-day simple moving average is GBX 73.68 and its two-hundred day simple moving average is GBX 82.68.

Foresight Solar Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, February 21st. Investors of record on Thursday, January 23rd were issued a GBX 2 ($0.03) dividend. This represents a dividend yield of 2.48%. The ex-dividend date was Thursday, January 23rd. Foresight Solar’s dividend payout ratio is currently 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.