Gore Street Energy Storage Fund (LON:GSF) Trading Down 1% – Should You Sell?

Gore Street Energy Storage Fund (LON:GSF) shares were down 1% during mid-day trading on Wednesday . The stock traded as low as GBX 50.51 ($0.65) and last traded at GBX 50.70 ($0.65). Approximately 1,237,263 shares were traded during trading, a decline of 5% from the average daily volume of 1,303,555 shares. The stock had previously closed at GBX 51.20 ($0.66).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “house stock” rating on shares of Gore Street Energy Storage Fund in a research note on Wednesday, September 11th.

Gore Street Energy Storage Fund Stock Performance

The stock has a fifty day simple moving average of GBX 57.27 and a two-hundred day simple moving average of GBX 61.07. The stock has a market cap of £256.09 million, a PE ratio of -5,070.00 and a beta of 0.31.

Gore Street Energy Storage Fund Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were issued a dividend of GBX 1 ($0.01) per share. This represents a yield of 1.72%. The ex-dividend date of this dividend was Thursday, September 26th. Gore Street Energy Storage Fund’s payout ratio is -80,000.00%.

Gore Street Energy Storage Fund Company Profile

Gore Street Energy Storage Fund Plc is an infrastructure investment fund.