NextEnergy Solar Fund (LON:NESF) Sets New 52-Week Low – Time to Sell?

NextEnergy Solar Fund Limited (LON:NESF)’s share price reached a new 52-week low on Wednesday . The stock traded as low as GBX 64.13 ($0.82) and last traded at GBX 64.90 ($0.83), with a volume of 3440748 shares changing hands. The stock had previously closed at GBX 64.30 ($0.82).

NextEnergy Solar Fund Price Performance

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 company has a market cap of £383.44 million, a price-to-earnings ratio of 811.25, a price-to-earnings-growth ratio of 1.17 and a beta of 0.29. The company has a fifty day simple moving average of GBX 72.96 and a two-hundred day simple moving average of GBX 76.96.

NextEnergy Solar Fund Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, December 30th. Stockholders of record on Thursday, November 14th will be given a GBX 2.11 ($0.03) dividend. This is an increase from NextEnergy Solar Fund’s previous dividend of $2.10. This represents a dividend yield of 2.91%. The ex-dividend date is Thursday, November 14th. NextEnergy Solar Fund’s dividend payout ratio is currently 10,000.00%.

Insider Activity

In other news, insider Helen M. Mahy acquired 22,876 shares of NextEnergy Solar Fund stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of GBX 65 ($0.83) per share, with a total value of £14,869.40 ($18,903.38). Also, insider Caroline Chan acquired 39,000 shares of NextEnergy Solar Fund stock in a transaction dated Friday, December 13th. The stock was purchased at an average cost of GBX 66 ($0.84) per share, for a total transaction of £25,740 ($32,723.11). Company insiders own 0.38% of the company’s stock.

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.