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

Key Points

• Volta Finance Limited reached a new 52-week high at GBX 615 ($8.26) before trading down to GBX 6.73 ($0.09), with recent trading volumes of 5,592 shares.
• Insiders have been purchasing shares; Dagmar Kent Kershaw bought 1,005 shares while Stephen Le Page acquired 704 shares, both at an average price of GBX 690.
• The company's market capitalization stands at £246 million with a PE ratio of 5.47, indicating a potentially undervalued stock amidst recent trading activity.

Volta Finance Limited (LON:VTA - ) hit a new 52-week high on Wednesday . The company traded as high as GBX 615 ($8.26) and last traded at GBX 6.73 ($0.09), with a volume of 5592 shares. The stock had previously closed at GBX 6.88 ($0.09).

Volta Finance Trading Down 2.2%

The company has a market capitalization of £246.00 million, a PE ratio of 5.47 and a beta of 0.87. The stock's fifty day moving average is GBX 6.91 and its two-hundred day moving average is GBX 6.59.

Insiders Place Their Bets

In other news, insider Dagmar Kent Kershaw purchased 1,005 shares of the company's stock in a transaction dated Friday, August 1st. The shares were purchased at an average price of GBX 690 per share, with a total value of £6,934.50. Also, insider Stephen Le Page acquired 704 shares of the company's stock in a transaction on Friday, August 1st. The shares were acquired at an average cost of GBX 690 per share, for a total transaction of £4,857.60. Insiders have bought 3,735 shares of company stock valued at $2,577,150 in the last quarter. 0.41% of the stock is currently owned by company insiders.

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.

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