Volta Finance (LON:VTA) Sets New 1-Year High – Still a Buy?

Shares of Volta Finance Limited (LON:VTA) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 506.25 ($6.45) and last traded at GBX 6.15 ($0.08), with a volume of 717 shares changing hands. The stock had previously closed at GBX 5.98 ($0.08).

Volta Finance Trading Up 2.9 %

The stock has a market cap of £2.25 million, a PE ratio of 0.07 and a beta of 0.87. 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 50-day simple moving average of GBX 5.46 and a 200-day simple moving average of GBX 5.30.

Volta Finance Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, December 12th will be issued a €0.15 ($0.16) dividend. This represents a dividend yield of 2.63%. This is an increase from Volta Finance’s previous dividend of $0.15. The ex-dividend date of this dividend is Thursday, December 12th. Volta Finance’s dividend payout ratio is presently 0.67%.

Insider Buying and Selling

In related news, insider Joanne Peacegood bought 890 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average cost of GBX 550 ($7.01) per share, for a total transaction of £4,895 ($6,239.64). 0.41% of the stock is currently owned by insiders.

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.