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

Shares of Volta Finance Limited (LON:VTA) hit a new 52-week high on Wednesday . The stock traded as high as GBX 6.40 ($0.08) and last traded at GBX 6.40 ($0.08), with a volume of 4219 shares traded. The stock had previously closed at GBX 6.20 ($0.08).

Volta Finance Stock Up 3.2 %

The company has a 50-day moving average of GBX 6.06 and a 200-day moving average of GBX 5.58. The company has a current ratio of 19.19, a quick ratio of 15.15 and a debt-to-equity ratio of 0.18. The company has a market capitalization of £2.34 million, a price-to-earnings ratio of 0.07 and a beta of 0.87.

Volta Finance Increases Dividend

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