Volta Finance (LON:VTA) Sets New 52-Week High – What’s Next?

Volta Finance Limited (LON:VTA)’s share price hit a new 52-week high on Thursday . The company traded as high as GBX 5.65 ($0.07) and last traded at GBX 5.60 ($0.07), with a volume of 4200 shares traded. The stock had previously closed at GBX 5.48 ($0.07).

Volta Finance Price Performance

The business’s 50 day moving average is GBX 5.40 and its 200-day moving average is GBX 5.26. The company has a quick ratio of 15.15, a current ratio of 19.19 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of £2.05 million, a P/E ratio of 0.06 and a beta of 0.87.

Volta Finance Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Thursday, September 26th were issued a €0.15 ($0.15) dividend. The ex-dividend date was Thursday, September 26th. This represents a dividend yield of 2.76%. Volta Finance’s dividend payout ratio (DPR) is currently 0.67%.

Insider Activity

In other news, insider Joanne Peacegood purchased 890 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was bought at an average cost of GBX 550 ($6.97) per share, for a total transaction of £4,895 ($6,205.63). 0.41% of the stock is currently owned by corporate insiders.

About Volta Finance

Volta Finance Limited is a closed-ended fixed income mutual fund launched and managed by AXA Investment Managers Paris SA The fund invests in the fixed income markets of Europe and the United States. It primarily invests in corporate credits, sovereign and quasi-sovereign debt, residential mortgage loans, CDOs, ABS, leveraged loans, automobile loans, and debt interests in infrastructure assets.