Foresight Solar (LON:FSFL) Receives "Buy" Rating from Jefferies Financial Group

Foresight Solar (LON:FSFL - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Jefferies Financial Group in a research note issued to investors on Tuesday, MarketBeat.com reports.

Foresight Solar Stock Performance

Foresight Solar stock traded up GBX 0.35 ($0.00) during mid-day trading on Tuesday, hitting GBX 77.05 ($0.97). 761,688 shares of the company's stock traded hands, compared to its average volume of 1,352,563. The firm has a 50 day simple moving average of GBX 73.81 and a two-hundred day simple moving average of GBX 83. Foresight Solar has a fifty-two week low of GBX 68 ($0.86) and a fifty-two week high of GBX 95.20 ($1.20). The stock has a market cap of £436.41 million, a price-to-earnings ratio of 69.36 and a beta of 0.27. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 121.68.

Insider Transactions at Foresight Solar

In related news, insider Christopher Ambler purchased 18,567 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was acquired at an average price of GBX 81 ($1.02) per share, with a total value of £15,039.27 ($18,924.46). Also, insider Tony Roper bought 15,000 shares of the firm's stock in a transaction on Monday, November 25th. The stock was acquired at an average price of GBX 81 ($1.02) per share, for a total transaction of £12,150 ($15,288.79). Insiders own 0.10% of the company's stock.

Foresight Solar Company Profile

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.