NextEnergy Solar Fund (LON:NESF) Hits New 52-Week Low – Should You Sell?

NextEnergy Solar Fund Limited (LON:NESF) shares reached a new 52-week low on Thursday . The company traded as low as GBX 66.10 ($0.83) and last traded at GBX 66.20 ($0.84), with a volume of 1973973 shares changing hands. The stock had previously closed at GBX 67.50 ($0.85).

NextEnergy Solar Fund Price Performance

The stock has a market cap of £391.71 million, a PE ratio of 828.75, a P/E/G ratio of 1.17 and a beta of 0.29. The company has a debt-to-equity ratio of 30.98, a quick ratio of 13.96 and a current ratio of 14.49. The business has a 50 day moving average price of GBX 73.53 and a two-hundred day moving average price of GBX 77.13.

NextEnergy Solar Fund Increases Dividend

The business also recently declared 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 represents a yield of 2.91%. This is a positive change from NextEnergy Solar Fund’s previous dividend of $2.10. NextEnergy Solar Fund’s dividend payout ratio is presently 10,000.00%.

Insiders Place Their Bets

In other news, insider Caroline Chan bought 39,000 shares of the stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of GBX 66 ($0.83) per share, for a total transaction of £25,740 ($32,487.69). Insiders own 0.38% of the company’s stock.

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.