Foresight Solar (LON:FSFL) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Foresight Solar (LON:FSFL)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 74.21 ($0.92) and traded as high as GBX 76.40 ($0.95). Foresight Solar shares last traded at GBX 75.80 ($0.94), with a volume of 752,421 shares trading hands.

Foresight Solar Stock Performance

The company has a quick ratio of 121.68, a current ratio of 13.35 and a debt-to-equity ratio of 0.03. The stock has a market cap of £432.98 million, a P/E ratio of -3,810.55 and a beta of 0.27. The business has a 50 day moving average price of GBX 74.21 and a 200 day moving average price of GBX 83.58.

Foresight Solar Announces Dividend

The firm 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. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a yield of 2.48%. Foresight Solar’s payout ratio is -40,000.00%.

Insider Activity

In other Foresight Solar news, insider Christopher Ambler bought 18,567 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were bought at an average cost of GBX 81 ($1.01) per share, for a total transaction of £15,039.27 ($18,726.52). Also, insider Tony Roper purchased 15,000 shares of Foresight Solar stock in a transaction dated Monday, November 25th. The stock was acquired at an average price of GBX 81 ($1.01) per share, with a total value of £12,150 ($15,128.88). Insiders own 0.10% of the company’s stock.

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.