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Foresight Solar (LON:FSFL) Stock Price Passes Above 50 Day Moving Average - Here's Why

Foresight Solar logo with Financial Services background
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Foresight Solar (LON:FSFL - Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 74.17 ($0.96) and traded as high as GBX 80.20 ($1.04). Foresight Solar shares last traded at GBX 80.20 ($1.04), with a volume of 794,139 shares trading hands.

Wall Street Analysts Forecast Growth

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

Get Our Latest Report on FSFL

Foresight Solar Stock Up 0.4 %

The firm has a market cap of £461.62 million, a PE ratio of 73.37 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. The business has a fifty day moving average price of GBX 74.28 and a two-hundred day moving average price of GBX 81.39.

Foresight Solar Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, February 21st. Stockholders of record on Thursday, January 23rd were given 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 (DPR) is 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.

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