Foresight Solar (LON:FSFL) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Foresight Solar (LON:FSFL) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 84.34 ($1.05) and traded as low as GBX 70 ($0.87). Foresight Solar shares last traded at GBX 70.70 ($0.88), with a volume of 527,472 shares trading hands.

Foresight Solar Stock Performance

The company has a current ratio of 13.35, a quick ratio of 121.68 and a debt-to-equity ratio of 0.03. The stock’s fifty day simple moving average is GBX 75.19 and its 200 day simple moving average is GBX 84.34. The company has a market cap of £400.17 million, a price-to-earnings ratio of -3,521.80 and a beta of 0.27.

Foresight Solar Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, January 23rd will be paid a GBX 2 ($0.02) dividend. This represents a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, January 23rd. Foresight Solar’s dividend payout ratio (DPR) is presently -40,000.00%.

Insider Activity

In other Foresight Solar news, insider Christopher Ambler purchased 18,567 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average cost of GBX 81 ($1.01) per share, with a total value of £15,039.27 ($18,710.21). Also, insider Tony Roper purchased 15,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was bought at an average price of GBX 81 ($1.01) per share, for a total transaction of £12,150 ($15,115.70). Corporate insiders own 0.10% of the company’s stock.

About Foresight Solar

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.