Volta Finance (LON:VTA) Hits New 1-Year High – Should You Buy?

Volta Finance Limited (LON:VTA)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 524.47 ($6.48) and last traded at GBX 6.17 ($0.08), with a volume of 4737 shares changing hands. The stock had previously closed at GBX 5.98 ($0.07).

Volta Finance Price Performance

The business’s 50-day simple moving average is GBX 5.89 and its 200 day simple moving average is GBX 5.50. The company has a market capitalization of £2.26 million, a P/E ratio of 0.07 and a beta of 0.87. The company has a current ratio of 19.19, a quick ratio of 15.15 and a debt-to-equity ratio of 0.18.

Volta Finance Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, December 12th were issued a dividend of €0.15 ($0.16) per share. This is a boost from Volta Finance’s previous dividend of $0.15. The ex-dividend date of this dividend was Thursday, December 12th. This represents a yield of 2.63%. Volta Finance’s payout ratio is presently 0.67%.

Insider Activity

In other Volta Finance news, insider Joanne Peacegood bought 890 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average cost of GBX 550 ($6.79) per share, with a total value of £4,895 ($6,046.20). 0.41% of the stock is owned by insiders.

About Volta Finance

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.