Volta Finance (LON:VTA) Hits New 12-Month High – Here’s Why

Volta Finance Limited (LON:VTA)’s stock price reached a new 52-week high during 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 trading hands. The stock had previously closed at GBX 5.98 ($0.08).

Volta Finance Trading Up 2.9 %

The firm has a market cap of £2.25 million, a price-to-earnings ratio of 0.07 and a beta of 0.87. The company has a debt-to-equity ratio of 0.18, a current ratio of 19.19 and a quick ratio of 15.15. The firm’s fifty day moving average is GBX 5.46 and its 200-day moving average is GBX 5.30.

Volta Finance Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, December 12th will be paid a dividend of €0.15 ($0.16) per share. The ex-dividend date is Thursday, December 12th. This is a positive change from Volta Finance’s previous dividend of $0.15. This represents a yield of 2.63%. Volta Finance’s dividend payout ratio is currently 0.67%.

Insider Activity

In related news, insider Joanne Peacegood acquired 890 shares of the stock in a transaction dated Friday, November 1st. The stock was purchased at an average cost of GBX 550 ($7.01) per share, with a total value of £4,895 ($6,239.64). Company 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.