NextEnergy Solar Fund (LON:NESF) Stock Price Passes Below 50-Day Moving Average of $81.44

NextEnergy Solar Fund Limited (LON:NESF) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 81.44 ($1.08) and traded as low as GBX 78.90 ($1.04). NextEnergy Solar Fund shares last traded at GBX 80 ($1.06), with a volume of 2,137,048 shares changing hands.

NextEnergy Solar Fund Trading Up 0.3 %

The company has a quick ratio of 13.96, a current ratio of 14.49 and a debt-to-equity ratio of 30.98. The stock has a market capitalization of £474.07 million, a P/E ratio of 1,000.00, a P/E/G ratio of 1.17 and a beta of 0.29. The firm’s 50 day simple moving average is GBX 81.44 and its two-hundred day simple moving average is GBX 76.91.

NextEnergy Solar Fund Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, August 15th will be paid a GBX 2.10 ($0.03) dividend. This is an increase from NextEnergy Solar Fund’s previous dividend of $2.09. This represents a yield of 2.57%. The ex-dividend date is Thursday, August 15th. NextEnergy Solar Fund’s payout ratio is 10,000.00%.

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.