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

NextEnergy Solar Fund Limited (LON:NESF - Get Free Report)'s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 78.71 ($1.02) and traded as low as GBX 74.60 ($0.97). NextEnergy Solar Fund shares last traded at GBX 75 ($0.97), with a volume of 3,719,738 shares changing hands.

NextEnergy Solar Fund Price Performance

The company has a market cap of £440.68 million, a price-to-earnings ratio of 932.35, a P/E/G ratio of 1.17 and a beta of 0.29. The company's 50-day simple moving average is GBX 78.60 and its 200-day simple moving average is GBX 77.82. The company has a debt-to-equity ratio of 30.98, a current ratio of 14.49 and a quick ratio of 13.96.

NextEnergy Solar Fund Increases Dividend

The business also recently declared a dividend, which was paid on Monday, September 30th. Stockholders 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 dividend yield of 2.57%. This is an increase from NextEnergy Solar Fund's previous dividend of $2.09. NextEnergy Solar Fund's dividend payout ratio (DPR) is presently 10,000.00%.

About NextEnergy Solar Fund

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.