Foresight Solar (LON:FSFL) Shares Pass Above Fifty Day Moving Average – Here’s Why

Shares of Foresight Solar (LON:FSFL) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 77.67 ($1.02) and traded as high as GBX 80.30 ($1.06). Foresight Solar shares last traded at GBX 80.30 ($1.06), with a volume of 926,759 shares trading hands.

Wall Street Analysts Forecast Growth

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

Foresight Solar Trading Down 0.6 %

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 stock has a market cap of £451.99 million, a P/E ratio of 71.84 and a beta of 0.27. The firm’s fifty day moving average price is GBX 77.67 and its two-hundred day moving average price is GBX 79.04.

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

Foresight Solar Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be paid 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 is presently 720.16%.

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.