Foresight Solar (LON:FSFL) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Foresight Solar (LON:FSFL)’s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 78.92 ($1.05) and traded as low as GBX 77.90 ($1.04). Foresight Solar shares last traded at GBX 80.01 ($1.07), with a volume of 3,688,185 shares trading hands.

Foresight Solar Stock Down 0.1%

The firm has a market cap of £442.92 million, a price-to-earnings ratio of 102.69 and a beta of 0.27. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 121.68. The stock has a 50-day moving average of GBX 78.92 and a 200-day moving average of GBX 81.38.

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

Insider Buying and Selling at Foresight Solar

In other Foresight Solar news, insider Tony Roper bought 40,000 shares of Foresight Solar stock in a transaction on Monday, September 22nd. The shares were purchased at an average price of GBX 76 per share, with a total value of £30,400. Corporate insiders own 0.15% 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.