Volta Finance (LON:VTA) Share Price Passes Above 50-Day Moving Average – What’s Next?

Volta Finance Limited (LON:VTA)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 5.85 ($0.07) and traded as high as GBX 6.15 ($0.07). Volta Finance shares last traded at GBX 6.15 ($0.07), with a volume of 175 shares trading hands.

Volta Finance Stock Performance

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 business has a 50 day simple moving average of GBX 5.85 and a 200 day simple moving average of GBX 5.48. The company has a market capitalization of £2.25 million, a PE ratio of 0.07 and a beta of 0.87.

Volta Finance Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, December 12th were paid a dividend of €0.15 ($0.15) per share. This represents a dividend yield of 2.63%. The ex-dividend date of this dividend was Thursday, December 12th. This is a positive change from Volta Finance’s previous dividend of $0.15. Volta Finance’s dividend payout ratio is currently 0.67%.

Insiders Place Their Bets

In other news, insider Joanne Peacegood bought 890 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average cost of GBX 550 ($6.69) per share, with a total value of £4,895 ($5,955.71). Corporate insiders own 0.41% of the company’s stock.

Volta Finance Company Profile

Volta Finance Limited (the “Company” or “Volta”) is a closed-ended limited liability company registered in Guernsey under the Companies (Guernsey) Law, 2008 (as amended) with registered number 45747.

Volta’s investment objectives are to seek to preserve capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis.