Foresight Group (LON:FSG) Reaches New 12-Month Low – Time to Sell?

Foresight Group Holdings Limited (LON:FSGGet Free Report)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 354 ($4.58) and last traded at GBX 355 ($4.59), with a volume of 77899 shares changing hands. The stock had previously closed at GBX 365 ($4.72).

Foresight Group Stock Performance

The stock’s 50 day simple moving average is GBX 380.46 and its 200-day simple moving average is GBX 437.10. The firm has a market cap of £422.14 million, a price-to-earnings ratio of 16.61 and a beta of 0.44.

Foresight Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a dividend of GBX 7.40 ($0.10) per share. This represents a yield of 1.64%. The ex-dividend date was Thursday, January 16th. Foresight Group’s payout ratio is 140.32%.

Insider Activity at Foresight Group

In other Foresight Group news, insider Geoffrey Gavey acquired 13,369 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of GBX 374 ($4.84) per share, for a total transaction of £50,000.06 ($64,674.76). Also, insider Gary Fraser purchased 86,635 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average cost of GBX 400 ($5.17) per share, for a total transaction of £346,540 ($448,247.32). 35.32% of the stock is currently owned by insiders.

Foresight Group Company Profile

(Get Free Report)

Founded in 1984, Foresight is a leading investment manager in real assets and capital for growth, operating across UK, Europe, and Australia.

With decades of experience, Foresight offers investors access to attractive investment opportunities at the forefront of change. Foresight actively builds and grows investment solutions to support the energy transition, decarbonise industry, enhance nature recovery and realise the economic potential of ambitious companies.

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