Volex (LON:VLX) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Volex plc (LON:VLX)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 277.54 ($3.69) and traded as low as GBX 256 ($3.41). Volex shares last traded at GBX 259 ($3.45), with a volume of 181,301 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their price target on shares of Volex from GBX 430 ($5.72) to GBX 340 ($4.52) and set a “buy” rating on the stock in a report on Tuesday, April 8th.

Volex Price Performance

The firm has a market cap of £600.71 million, a P/E ratio of 13.94 and a beta of 1.03. The company has a debt-to-equity ratio of 64.83, a current ratio of 1.53 and a quick ratio of 1.04. The firm’s 50 day moving average is GBX 250.96 and its 200 day moving average is GBX 277.54.

About Volex

Volex plc (AIM: VLX) is a driving force in integrated manufacturing for mission-critical applications and a global leader in power and data connectivity solutions. Our diverse operations support international blue-chip customers in five key sectors: Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology and Off-Highway.