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Foresight Solar (LON:FSFL) Shares Cross Above 50 Day Moving Average - What's Next?

Foresight Solar logo with Financial Services background

Foresight Solar (LON:FSFL - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 77.67 ($1.03) and traded as high as GBX 80.30 ($1.07). Foresight Solar shares last traded at GBX 80.30 ($1.07), with a volume of 926,759 shares traded.

Wall Street Analyst Weigh In

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

Read Our Latest Analysis on FSFL

Foresight Solar Trading Up 0.9 %

The firm has a market cap of £460.48 million, a price-to-earnings ratio of 73.19 and a beta of 0.27. The business has a 50 day moving average of GBX 78.05 and a 200 day moving average of GBX 78.97. The company has a quick ratio of 121.68, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Foresight Solar (LON:FSFL - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported GBX 0.52 ($0.01) earnings per share (EPS) for the quarter. Foresight Solar had a net margin of 44.44% and a return on equity of 0.94%. On average, research analysts forecast that Foresight Solar will post 2.0674521 earnings per share for the current fiscal year.

Foresight Solar Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be issued a GBX 2 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, April 24th. This represents a yield of 2.45%. Foresight Solar's dividend payout ratio (DPR) is presently 720.16%.

Foresight Solar Company Profile

(Get Free Report)

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.

Read More

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