Volta Finance (LON:VTA) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Volta Finance Limited (LON:VTA) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 5.96 ($0.07) and traded as high as GBX 6.17 ($0.08). Volta Finance shares last traded at GBX 6.17 ($0.08), with a volume of 2,563 shares changing hands.

Volta Finance Stock Up 3.3 %

The firm’s fifty day moving average price is GBX 5.96 and its two-hundred day moving average price is GBX 5.53. 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 stock has a market cap of £2.26 million, a price-to-earnings ratio of 0.07 and a beta of 0.87.

Volta Finance Increases Dividend

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

Insider Activity

In related news, insider Joanne Peacegood bought 890 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were bought at an average price of GBX 550 ($6.85) per share, for a total transaction of £4,895 ($6,094.37). Corporate 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.