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

Foresight Solar (LON:FSFL) shares crossed 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 Stock Performance

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

Foresight Solar (LON:FSFL) last released its earnings results on Thursday, September 18th. The company reported GBX (0.29) earnings per share for the quarter. Foresight Solar had a net margin of 44.44% and a return on equity of 0.94%. As a group, analysts predict that Foresight Solar will post 2.0674521 EPS for the current year.

Insider Transactions at Foresight Solar

In other news, insider Tony Roper bought 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were acquired at an average price of GBX 76 per share, for a total transaction of £30,400. 0.15% of the stock is currently owned by insiders.

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.