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

Volta Finance Limited (LON:VTA) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 6.60 and traded as low as GBX 6.50. Volta Finance shares last traded at GBX 6.50, with a volume of 3,756 shares changing hands.

Volta Finance Stock Down 0.9%

The company’s fifty day simple moving average is GBX 6.60 and its two-hundred day simple moving average is GBX 6.73. The company has a market capitalization of £239.24 million, a price-to-earnings ratio of 5.32 and a beta of 0.87.

Insiders Place Their Bets

In other Volta Finance news, insider Joanne Peacegood purchased 1,055 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were bought at an average price of GBX 664 per share, with a total value of £7,005.20. Also, insider Stephen Le Page acquired 321 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was acquired at an average price of GBX 664 per share, with a total value of £2,131.44. 0.41% of the stock is owned by corporate 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. Volta’s investment strategy focuses on direct and indirect investments in, and exposures to, a variety of assets selected for the purpose of generating cash flows for the Company.