Volta Finance (LON:VTA) Hits New 12-Month High – Still a Buy?

Volta Finance Limited (LON:VTA) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 5.75 ($0.07) and last traded at GBX 5.60 ($0.07), with a volume of 3615 shares trading hands. The stock had previously closed at GBX 5.50 ($0.07).

Volta Finance Price Performance

The stock has a market capitalization of £2.05 million, a PE ratio of 0.06 and a beta of 0.87. The firm’s 50 day simple moving average is GBX 5.43 and its 200 day simple moving average is GBX 5.28. The company has a debt-to-equity ratio of 0.18, a current ratio of 19.19 and a quick ratio of 15.15.

Volta Finance Announces Dividend

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

Insider Activity at Volta Finance

In related news, insider Joanne Peacegood purchased 890 shares of the stock in a transaction dated Friday, November 1st. The stock was purchased at an average price of GBX 550 ($6.97) per share, with a total value of £4,895 ($6,202.48). 0.41% of the stock is currently owned by company 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.