Volta Finance (LON:VTA) Shares Cross Below 50-Day Moving Average – Should You Sell?

Volta Finance Limited (LON:VTA) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 5.28 ($0.07) and traded as low as GBX 5.25 ($0.07). Volta Finance shares last traded at GBX 5.40 ($0.07), with a volume of 1,991 shares trading hands.

Volta Finance Price Performance

The stock’s fifty day moving average price is GBX 5.28 and its 200-day moving average price is GBX 5.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 15.15 and a current ratio of 19.19. The firm has a market cap of £1.93 million, a PE ratio of 0.06 and a beta of 0.87.

Volta Finance Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Thursday, September 26th will be issued a €0.15 ($0.16) dividend. The ex-dividend date is Thursday, September 26th. This represents a dividend yield of 2.76%. Volta Finance’s dividend payout ratio is presently 0.67%.

About Volta Finance

Volta Finance Limited is a closed-ended fixed income mutual fund launched and managed by AXA Investment Managers Paris SA The fund invests in the fixed income markets of Europe and the United States. It primarily invests in corporate credits, sovereign and quasi-sovereign debt, residential mortgage loans, CDOs, ABS, leveraged loans, automobile loans, and debt interests in infrastructure assets.