Volta Finance (LON:VTA) Reaches New 1-Year High – Still a Buy?

Shares of Volta Finance Limited (LON:VTA) reached a new 52-week high on Tuesday . The stock traded as high as GBX 524.47 ($6.47) and last traded at GBX 6.17 ($0.08), with a volume of 4737 shares trading hands. The stock had previously closed at GBX 5.98 ($0.07).

Volta Finance Stock Up 3.3 %

The company has a market capitalization of £2.26 million, a price-to-earnings ratio of 0.07 and a beta of 0.87. The stock’s fifty day simple moving average is GBX 5.86 and its two-hundred day simple moving average is GBX 5.49. 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 Increases Dividend

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

Insider Transactions at Volta Finance

In other news, insider Joanne Peacegood purchased 890 shares of the stock in a transaction dated Friday, November 1st. The shares were bought at an average cost of GBX 550 ($6.78) per share, for a total transaction of £4,895 ($6,035.76). Insiders own 0.41% of the company’s stock.

Volta Finance Company Profile

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.