NextEnergy Solar Fund (LON:NESF) Stock Price Passes Below 50-Day Moving Average of $81.44

NextEnergy Solar Fund Limited (LON:NESF)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 81.44 ($1.08) and traded as low as GBX 78.90 ($1.04). NextEnergy Solar Fund shares last traded at GBX 80 ($1.06), with a volume of 2,137,048 shares traded.

NextEnergy Solar Fund Trading Up 0.3 %

The company has a quick ratio of 13.96, a current ratio of 14.49 and a debt-to-equity ratio of 30.98. The firm’s 50-day moving average price is GBX 81.44 and its 200 day moving average price is GBX 76.91. The company has a market capitalization of £474.07 million, a P/E ratio of 1,000.00, a P/E/G ratio of 1.17 and a beta of 0.29.

NextEnergy Solar Fund Increases Dividend

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