Foresight Solar (LON:FSFL) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Foresight Solar (LON:FSFL) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 92.09 ($1.21) and traded as high as GBX 94.80 ($1.24). Foresight Solar shares last traded at GBX 92.60 ($1.21), with a volume of 468,048 shares traded.

Foresight Solar Price Performance

The company’s fifty day moving average is GBX 92.09 and its two-hundred day moving average is GBX 89.36. The company has a debt-to-equity ratio of 0.03, a quick ratio of 121.68 and a current ratio of 13.35. The firm has a market cap of £526.60 million, a price-to-earnings ratio of -4,630.00 and a beta of 0.25.

Foresight Solar Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th will be paid a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 2.14%. The ex-dividend date is Thursday, October 24th. Foresight Solar’s dividend payout ratio is presently -40,000.00%.

About Foresight Solar

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.