Foresight Solar (LON:FSFL) Shares Pass Below 200 Day Moving Average – What’s Next?

Foresight Solar (LON:FSFL) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

Foresight Solar Stock Performance

The company has a 50-day moving average price of GBX 83.88 and a two-hundred day moving average price of GBX 88.40. The stock has a market capitalization of £443.14 million, a P/E ratio of -3,900.00 and a beta of 0.27. The company has a quick ratio of 121.68, a current ratio of 13.35 and a debt-to-equity ratio of 0.03.

Foresight Solar Dividend Announcement

The business also recently declared 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 is Thursday, January 23rd. Foresight Solar’s dividend payout ratio is presently -40,000.00%.

Insider Activity

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

Foresight Solar Company Profile

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.