Foresight Solar (LON:FSFL) Stock Passes Above 50-Day Moving Average – What’s Next?

Foresight Solar (LON:FSFL) passed 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.

Analyst Upgrades and Downgrades

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

Foresight Solar Trading Up 0.4 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 121.68 and a current ratio of 1.84. The stock has a market capitalization of £454.25 million, a P/E ratio of 72.20 and a beta of 0.27. The stock has a 50-day moving average price of GBX 74.17 and a two-hundred day moving average price of GBX 81.64.

Foresight Solar Announces Dividend

The business also recently declared a dividend, which was paid on Friday, February 21st. Investors of record on Thursday, January 23rd were issued a GBX 2 ($0.03) dividend. This represents a yield of 2.48%. The ex-dividend date of this dividend was Thursday, January 23rd. Foresight Solar’s dividend payout ratio (DPR) is currently 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.