Volta Finance (LON:VTA) Stock Passes Above 50 Day Moving Average – Here’s What Happened

Volta Finance Limited (LON:VTA)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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.

Volta Finance Trading Up 3.3 %

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 business has a 50 day moving average of GBX 5.85 and a 200 day moving average of GBX 5.48. The firm has a market capitalization of £2.25 million, a price-to-earnings ratio of 0.07 and a beta of 0.87.

Volta Finance Increases Dividend

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

Insider Buying and Selling at Volta Finance

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

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.