Gore Street Energy Storage Fund (LON:GSF) Shares Up 0.7% – Here’s Why

Gore Street Energy Storage Fund (LON:GSF)’s stock price traded up 0.7% on Wednesday . The stock traded as high as GBX 60.02 ($0.78) and last traded at GBX 60 ($0.78). 1,140,761 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 1,276,074 shares. The stock had previously closed at GBX 59.60 ($0.77).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “house stock” rating on shares of Gore Street Energy Storage Fund in a research report on Wednesday, September 11th.

Gore Street Energy Storage Fund Price Performance

The firm’s fifty day simple moving average is GBX 58.07 and its 200 day simple moving average is GBX 61.64. The company has a market capitalization of £303.06 million, a PE ratio of -6,000.00 and a beta of 0.31.

Gore Street Energy Storage Fund Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were issued a dividend of GBX 1 ($0.01) per share. This represents a yield of 1.72%. The ex-dividend date of this dividend was Thursday, September 26th. Gore Street Energy Storage Fund’s dividend payout ratio (DPR) is -80,000.00%.

About Gore Street Energy Storage Fund

Gore Street Energy Storage Fund Plc is an infrastructure investment fund.