Foresight Solar (LON:FSFL) Shares Pass Above 50 Day Moving Average of $88.50

Foresight Solar (LON:FSFL) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 88.50 ($1.12) and traded as high as GBX 90.60 ($1.15). Foresight Solar shares last traded at GBX 90 ($1.14), with a volume of 970,439 shares trading hands.

Foresight Solar Price Performance

The company has a market capitalization of £519.46 million, a P/E ratio of -4,500.00 and a beta of 0.26. The company’s 50-day moving average price is GBX 88.50 and its two-hundred day moving average price is GBX 90.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 13.35 and a quick ratio of 121.68.

Foresight Solar Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 23rd. Stockholders of record on Thursday, July 25th will be given a GBX 2 ($0.03) dividend. The ex-dividend date is Thursday, July 25th. This is a positive change from Foresight Solar’s previous dividend of $1.90. This represents a dividend yield of 2.26%. Foresight Solar’s dividend payout ratio is presently -40,000.00%.

Insider Activity

In other Foresight Solar news, insider Christopher Ambler purchased 11,523 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were acquired at an average cost of GBX 87 ($1.10) per share, with a total value of £10,025.01 ($12,717.25). In other news, insider Alex Ohlsson bought 100,000 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were purchased at an average cost of GBX 87 ($1.10) per share, with a total value of £87,000 ($110,364.07). Also, insider Christopher Ambler purchased 11,523 shares of Foresight Solar stock in a transaction dated Wednesday, May 29th. The stock was bought at an average price of GBX 87 ($1.10) per share, for a total transaction of £10,025.01 ($12,717.25). Insiders own 0.08% of the company’s stock.

Foresight Solar Company Profile

Foresight Solar Fund Limited (LSE:FSFL) specializes infrastructure investments in new energy and environment with a focus on solar power plants and solar farms. It seeks to invest in the United Kingdom.