Foresight Solar (LON:FSFL) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Foresight Solar (LON:FSFL) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 80.90 and traded as low as GBX 70.20. Foresight Solar shares last traded at GBX 70.20, with a volume of 3,630,890 shares traded.

Foresight Solar Stock Up 0.4%

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 50 day simple moving average of GBX 76.88 and a two-hundred day simple moving average of GBX 80.90. The company has a market capitalization of £389.16 million, a P/E ratio of 90.38 and a beta of 0.27.

Foresight Solar (LON:FSFL) last announced 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 analysts predict that Foresight Solar will post 2.0674521 EPS for the current year.

Insider Buying and Selling

In other news, insider Tony Roper acquired 40,000 shares of the business’s stock in a transaction 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 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.