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NextEnergy Solar Fund (LON:NESF) Hits New 52-Week Low - Here's What Happened

NextEnergy Solar Fund logo with Financial Services background

NextEnergy Solar Fund Limited (LON:NESF - Get Free Report)'s share price reached a new 52-week low on Wednesday . The stock traded as low as GBX 64.13 ($0.81) and last traded at GBX 64.90 ($0.82), with a volume of 3440748 shares traded. The stock had previously closed at GBX 64.30 ($0.81).

NextEnergy Solar Fund Stock Performance

The business's 50 day simple moving average is GBX 72.96 and its two-hundred day simple moving average is GBX 76.96. The firm has a market capitalization of £383.44 million, a P/E ratio of 811.25, a price-to-earnings-growth ratio of 1.17 and a beta of 0.29. The company has a current ratio of 14.49, a quick ratio of 13.96 and a debt-to-equity ratio of 30.98.

NextEnergy Solar Fund Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, November 14th will be given a dividend of GBX 2.11 ($0.03) per share. The ex-dividend date is Thursday, November 14th. This is a boost from NextEnergy Solar Fund's previous dividend of $2.10. This represents a dividend yield of 2.91%. NextEnergy Solar Fund's dividend payout ratio (DPR) is 10,000.00%.

Insider Buying and Selling at NextEnergy Solar Fund

In other news, insider Helen M. Mahy bought 22,876 shares of the company's stock in a transaction on Tuesday, December 17th. The shares were acquired at an average cost of GBX 65 ($0.82) per share, with a total value of £14,869.40 ($18,694.24). Also, insider Caroline Chan purchased 39,000 shares of NextEnergy Solar Fund stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of GBX 66 ($0.83) per share, with a total value of £25,740 ($32,361.08). Company insiders own 0.38% of the company's stock.

About NextEnergy Solar Fund

(Get Free Report)

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.

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