Volta Finance (LON:VTA) Sets New 52-Week High – Should You Buy?

Volta Finance Limited (LON:VTA) shares reached a new 52-week high on Friday . The company traded as high as GBX 5.63 ($0.07) and last traded at GBX 5.25 ($0.07), with a volume of 9669 shares trading hands. The stock had previously closed at GBX 5.45 ($0.07).

Volta Finance Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 15.15 and a current ratio of 19.19. The firm’s fifty day moving average is GBX 5.39 and its two-hundred day moving average is GBX 5.25. The company has a market cap of £1.92 million, a P/E ratio of 0.06 and a beta of 0.87.

Volta Finance Announces Dividend

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

Insider Activity

In other news, insider Joanne Peacegood acquired 890 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were acquired at an average cost of GBX 550 ($6.92) per share, with a total value of £4,895 ($6,162.66). Corporate insiders own 0.41% of the company’s stock.

Volta Finance Company Profile

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.