Foresight Solar (LON:FSFL) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Foresight Solar (LON:FSFL – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 67.55 and traded as high as GBX 68. Foresight Solar shares last traded at GBX 67.58, with a volume of 624,467 shares changing hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “hold” rating on shares of Foresight Solar in a research report on Wednesday. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Foresight Solar currently has an average rating of “Hold”.

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Foresight Solar Price Performance

The stock has a fifty day moving average of GBX 69.67 and a 200-day moving average of GBX 67.55. The company has a quick ratio of 121.68, a current ratio of 15.54 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of £361.00 million, a P/E ratio of -10.90 and a beta of 0.32.

Foresight Solar (LON:FSFL – Get Free Report) last released its quarterly earnings results on Wednesday, September 23rd. The company reported GBX (0.54) EPS for the quarter. Foresight Solar had a negative net margin of 80.27% and a negative return on equity of 6.35%. Equities analysts predict that Foresight Solar will post 2.07 EPS for the current fiscal year.

Foresight Solar Company Profile

(Get Free Report)

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.

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