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

Volta Finance Limited (LON:VTA)’s stock 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 Stock Up 3.3 %

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

Volta Finance Increases Dividend

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

Insiders Place Their Bets

In other news, insider Joanne Peacegood bought 890 shares of Volta Finance stock in a transaction dated Friday, November 1st. The stock was bought at an average cost of GBX 550 ($6.69) per share, for a total transaction of £4,895 ($5,955.71). Company 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.