Foresight Solar (LON:FSFL) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Foresight Solar (LON:FSFL) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 81.66 ($1.10) and traded as low as GBX 75.60 ($1.02). Foresight Solar shares last traded at GBX 75.60 ($1.02), with a volume of 1,375,464 shares changing hands.

Foresight Solar Stock Performance

The company has a current ratio of 1.84, a quick ratio of 121.68 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of £418.90 million, a price-to-earnings ratio of 14,538.46 and a beta of 0.27. The firm has a 50-day moving average of GBX 85.19 and a 200-day moving average of GBX 81.66.

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

About Foresight Solar

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.