Volta Finance (LON:VTA) Trading Down 0.7% - Time to Sell?

Key Points

• Volta Finance's stock price fell by 0.7% to GBX 6.80 ($0.09) during mid-day trading, with trading volume dropping significantly to 496 shares, a 90% decline from its average daily volume.
• The company has a market capitalization of £248.75 million and a price-to-earnings ratio of 5.53.
• Volta Finance aims to preserve capital and provide a stable stream of income to shareholders, planning to distribute dividends on a quarterly basis.

Volta Finance Limited (LON:VTA - Get Free Report)'s stock price dropped 0.7% during trading on Thursday . The stock traded as low as GBX 6.80 ($0.09) and last traded at GBX 6.80 ($0.09). Approximately 496 shares traded hands during trading, a decline of 90% from the average daily volume of 4,845 shares. The stock had previously closed at GBX 6.85 ($0.09).

Volta Finance Price Performance

The firm's 50 day moving average is GBX 6.65 and its 200 day moving average is GBX 6.40. The firm has a market cap of £250.94 million, a P/E ratio of 5.58 and a beta of 0.87.

Insider Buying and Selling at Volta Finance

In related news, insider Dagmar Kent Kershaw acquired 1,005 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was purchased at an average cost of GBX 690 ($9.16) per share, with a total value of £6,934.50 ($9,207.94). Also, insider Simon Holden acquired 467 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of GBX 690 ($9.16) per share, with a total value of £3,222.30 ($4,278.71). Insiders have purchased a total of 3,735 shares of company stock valued at $2,577,150 over the last three months. 0.41% of the stock is currently owned by corporate insiders.

Volta Finance Company Profile

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.