Foresight Group (LON:FSG) Stock Price Down 1% – Here’s Why

Foresight Group Holdings Limited (LON:FSG) shares dropped 1% during trading on Thursday . The stock traded as low as GBX 404 ($5.05) and last traded at GBX 407 ($5.09). Approximately 238,255 shares changed hands during mid-day trading, an increase of 24% from the average daily volume of 192,903 shares. The stock had previously closed at GBX 411 ($5.14).

Foresight Group Stock Performance

The company has a market cap of £469.27 million, a PE ratio of 1,850.00 and a beta of 0.44. The firm has a fifty day simple moving average of GBX 447.91 and a 200 day simple moving average of GBX 481.05.

Foresight Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be issued a GBX 7.40 ($0.09) dividend. This represents a yield of 1.64%. The ex-dividend date is Thursday, January 16th. Foresight Group’s dividend payout ratio (DPR) is 14,090.91%.

About Foresight Group

Foresight Group Holdings Limited operates as an infrastructure and private equity manager in the United Kingdom, Italy, Luxembourg, Ireland, Spain, and Australia. It operates through Infrastructure, Private Equity, and Foresight Capital Management segments. The company involved in the provision of the management of infrastructure assets, private equity investments, and open-ended investment companies for institutional and retail investors.