Volta Finance (LON:VTA) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Volta Finance Limited (LON:VTA)’s stock price passed 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 trading hands.

Volta Finance Stock Up 3.3 %

The firm has a market cap of £2.25 million, a P/E ratio of 0.07 and a beta of 0.87. The firm’s 50 day moving average is GBX 5.85 and its two-hundred day moving average is GBX 5.48. The company has a current ratio of 19.19, a quick ratio of 15.15 and a debt-to-equity ratio of 0.18.

Volta Finance Increases Dividend

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

Insiders Place Their Bets

In other news, insider Joanne Peacegood acquired 890 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average cost of GBX 550 ($6.69) per share, for a total transaction of £4,895 ($5,955.71). Corporate 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.