Volta Finance (LON:VTA) Reaches New 1-Year High – Here’s Why

Volta Finance Limited (LON:VTA) reached a new 52-week high on Friday . The company traded as high as GBX 5.45 ($0.07) and last traded at GBX 5.56 ($0.07), with a volume of 1505 shares. The stock had previously closed at GBX 5.45 ($0.07).

Volta Finance Price Performance

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 has a market capitalization of £2.03 million, a PE ratio of 0.06 and a beta of 0.87. The company has a 50-day moving average price of GBX 5.37 and a 200-day moving average price of GBX 5.24.

Volta Finance Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Thursday, September 26th were paid a dividend of €0.15 ($0.15) per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a dividend yield of 2.76%. Volta Finance’s dividend payout ratio is currently 0.67%.

Insider Transactions at Volta Finance

In other Volta Finance news, insider Joanne Peacegood acquired 890 shares of the stock in a transaction dated Friday, November 1st. The stock was acquired at an average price of GBX 550 ($6.93) per share, with a total value of £4,895 ($6,168.87). 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.