NextEnergy Solar Fund (LON:NESF) Stock Crosses Below 50-Day Moving Average - Here's Why

NextEnergy Solar Fund Limited (LON:NESF - Get Free Report) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 79.89 ($1.04) and traded as low as GBX 75.40 ($0.98). NextEnergy Solar Fund shares last traded at GBX 75.40 ($0.98), with a volume of 3,341,293 shares changing hands.

NextEnergy Solar Fund Price Performance

The firm has a market cap of £445.48 million, a PE ratio of 942.50, a PEG ratio of 1.17 and a beta of 0.29. The company has a debt-to-equity ratio of 30.98, a quick ratio of 13.96 and a current ratio of 14.49. The company's 50-day simple moving average is GBX 79.75 and its two-hundred day simple moving average is GBX 77.43.

NextEnergy Solar Fund Increases Dividend

The company also recently declared a dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, August 15th were given a dividend of GBX 2.10 ($0.03) per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a yield of 2.57%. This is a boost from NextEnergy Solar Fund's previous dividend of $2.09. NextEnergy Solar Fund's dividend payout ratio is presently 10,000.00%.

NextEnergy Solar Fund Company Profile

NextEnergy Solar Fund Limited specializes in investments in operational solar photovoltaic (PV) assets. The fund intends primarily to acquire operating assets, but may invest in assets that are under development, that is, at the stage of origination, project planning or construction. Within this sector it intends to acquire assets that are primarily ground-based and utility-scale and which are on sites that may be agricultural, industrial, and/or commercial.