NextEnergy Solar Fund (LON:NESF) Stock Passes Below Fifty Day Moving Average of $81.01

Shares of NextEnergy Solar Fund Limited (LON:NESF) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 81.01 ($1.08) and traded as low as GBX 76.90 ($1.03). NextEnergy Solar Fund shares last traded at GBX 78.60 ($1.05), with a volume of 2,922,108 shares traded.

NextEnergy Solar Fund Trading Up 0.4 %

The company has a current ratio of 14.49, a quick ratio of 13.96 and a debt-to-equity ratio of 30.98. The stock has a 50-day simple moving average of GBX 80.94 and a 200 day simple moving average of GBX 77.08. The company has a market cap of £466.16 million, a price-to-earnings ratio of 986.25, a PEG ratio of 1.17 and a beta of 0.29.

NextEnergy Solar Fund Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, August 15th will be issued a dividend of GBX 2.10 ($0.03) per share. This is an increase from NextEnergy Solar Fund’s previous dividend of $2.09. The ex-dividend date is Thursday, August 15th. This represents a dividend yield of 2.57%. NextEnergy Solar Fund’s payout ratio is 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.