Volta Finance (LON:VTA) Shares Down 13.2%

Volta Finance Ltd (LON:VTA)’s stock price dropped 13.2% on Wednesday . The stock traded as low as GBX 6.77 ($0.09) and last traded at GBX 6.76 ($0.09), approximately 2,000 shares traded hands during trading. An increase of 56% from the average daily volume of 1,286 shares. The stock had previously closed at GBX 7.79 ($0.10).

The company has a quick ratio of 5.19, a current ratio of 6.76 and a debt-to-equity ratio of 15.03. The firm has a fifty day moving average price of GBX 7.22 and a two-hundred day moving average price of GBX 7.09. The stock has a market capitalization of $2.47 million and a P/E ratio of 23.39.

The business also recently declared a dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th will be issued a dividend of €0.16 ($0.19) per share. The ex-dividend date is Thursday, September 5th. This is an increase from Volta Finance’s previous dividend of $0.15. This represents a dividend yield of 2.33%. Volta Finance’s dividend payout ratio (DPR) is presently 207.61%.

About Volta Finance (LON:VTA)

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.

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