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

Foresight Solar (LON:FSFL)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 72.75 and traded as low as GBX 65. Foresight Solar shares last traded at GBX 65, with a volume of 982,522 shares.

Foresight Solar Price Performance

The company has a 50 day moving average price of GBX 72.75 and a 200-day moving average price of GBX 79.61. The company has a quick ratio of 121.68, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market cap of £362.14 million, a price-to-earnings ratio of 84.13 and a beta of 0.27.

Foresight Solar (LON:FSFL) last posted its earnings results on Thursday, September 18th. The company reported GBX (0.29) EPS 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 predict that Foresight Solar will post 2.0674521 EPS for the current fiscal year.

Insider Activity at Foresight Solar

In other Foresight Solar news, insider Tony Roper purchased 40,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were bought at an average price of GBX 76 per share, for a total transaction of £30,400. Company insiders own 0.15% 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.