Volta Finance (LON:VTA) Hits New 12-Month High – Should You Buy?

Shares of Volta Finance Limited (LON:VTA) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 6.34 ($0.08) and last traded at GBX 6.34 ($0.08), with a volume of 42886 shares. The stock had previously closed at GBX 6.15 ($0.08).

Volta Finance Stock Up 2.8 %

The company’s fifty day simple moving average is GBX 6.05 and its 200 day simple moving average is GBX 5.57. The company has a quick ratio of 15.15, a current ratio of 19.19 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of £2.32 million, a PE 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 paid a €0.15 ($0.15) 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 presently 0.67%.

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.