NextEnergy Solar Fund (LON:NESF) Sets New 52-Week Low – Time to Sell?

NextEnergy Solar Fund Limited (LON:NESF)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 64.13 ($0.82) and last traded at GBX 64.90 ($0.83), with a volume of 3440748 shares trading hands. The stock had previously closed at GBX 64.30 ($0.82).

NextEnergy Solar Fund Stock Up 0.9 %

The business’s 50 day moving average is GBX 72.96 and its 200-day moving average is GBX 76.96. The stock has a market cap of £383.44 million, a price-to-earnings ratio of 811.25, a PEG ratio of 1.17 and a beta of 0.29. The company has a debt-to-equity ratio of 30.98, a quick ratio of 13.96 and a current ratio of 14.49.

NextEnergy Solar Fund Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, December 30th. Stockholders of record on Thursday, November 14th will be issued a dividend of GBX 2.11 ($0.03) per share. This represents a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from NextEnergy Solar Fund’s previous dividend of $2.10. NextEnergy Solar Fund’s payout ratio is currently 10,000.00%.

Insider Buying and Selling

In related news, insider Helen M. Mahy acquired 22,876 shares of the stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average cost of GBX 65 ($0.83) per share, with a total value of £14,869.40 ($18,903.38). Also, insider Caroline Chan bought 39,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of GBX 66 ($0.84) per share, with a total value of £25,740 ($32,723.11). Corporate insiders own 0.38% of the company’s stock.

About NextEnergy Solar Fund

NextEnergy Solar Fund Limited specializes in investments in operational solar photovoltaic (PV) assets. The fund intends primarily to acquire operating assets, but may invest in assets that are under development, that is, at the stage of origination, project planning or construction. Within this sector it intends to acquire assets that are primarily ground-based and utility-scale and which are on sites that may be agricultural, industrial, and/or commercial.