Gore Street Energy Storage Fund (LON:GSF) Stock Price Down 1.2% – Here’s What Happened

Gore Street Energy Storage Fund (LON:GSF)’s stock price dropped 1.2% during mid-day trading on Wednesday . The stock traded as low as GBX 49.70 ($0.64) and last traded at GBX 51 ($0.65). Approximately 1,049,374 shares changed hands during trading, a decline of 35% from the average daily volume of 1,609,111 shares. The stock had previously closed at GBX 51.60 ($0.66).

Analyst Ratings Changes

Separately, Shore Capital reissued a “house stock” rating on shares of Gore Street Energy Storage Fund in a research note on Wednesday, March 19th.

Gore Street Energy Storage Fund Stock Performance

The company has a 50-day moving average of GBX 50.29 and a 200-day moving average of GBX 51.55. The stock has a market capitalization of £262.87 million, a price-to-earnings ratio of -44.08 and a beta of 0.31.

Gore Street Energy Storage Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 20th will be given a GBX 1 ($0.01) dividend. The ex-dividend date is Thursday, March 20th. This represents a dividend yield of 1.92%. Gore Street Energy Storage Fund’s dividend payout ratio is currently -691.37%.

Gore Street Energy Storage Fund Company Profile

Launched in 2018, Gore Street Energy Storage Fund plc is London’s first listed energy storage fund. The Company is the only UK-listed energy storage fund with a diversified operational portfolio located across four grids. It is listed on the Premium Segment of the London Stock Exchange and included in the FTSE All-Share Index.