Volta Finance (LON:VTA) Reaches New 52-Week High – Should You Buy?

Volta Finance Limited (LON:VTA) shares hit a new 52-week high on Friday . The company traded as high as GBX 6.19 ($0.08) and last traded at GBX 6.19 ($0.08), with a volume of 200 shares trading hands. The stock had previously closed at GBX 5.98 ($0.07).

Volta Finance Trading Up 3.6 %

The firm has a market capitalization of £2.26 million, a price-to-earnings ratio of 0.07 and a beta of 0.87. The business’s 50-day simple moving average is GBX 5.96 and its two-hundred day simple moving average is GBX 5.53. The company has a quick ratio of 15.15, a current ratio of 19.19 and a debt-to-equity ratio of 0.18.

Volta Finance Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, December 12th were given a dividend of €0.15 ($0.16) per share. The ex-dividend date was Thursday, December 12th. This is a boost from Volta Finance’s previous dividend of $0.15. This represents a dividend yield of 2.63%. Volta Finance’s dividend payout ratio (DPR) is currently 0.67%.

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.