Volex (LON:VLX) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Volex plc (LON:VLX) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 323.34 ($4.30) and traded as high as GBX 388.50 ($5.17). Volex shares last traded at GBX 388.50 ($5.17), with a volume of 630,810 shares.

Wall Street Analyst Weigh In

VLX has been the subject of a number of recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 430 target price on shares of Volex in a research note on Thursday, August 7th. Berenberg Bank raised their target price on Volex from GBX 415 to GBX 430 and gave the stock a “buy” rating in a research note on Friday, July 11th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 380 target price on shares of Volex in a research note on Thursday, October 16th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Volex has a consensus rating of “Buy” and a consensus target price of GBX 395.

Volex Trading Up 3.3%

The firm has a market capitalization of £712.50 million, a PE ratio of 15.18 and a beta of 1.03. The company has a current ratio of 1.53, a quick ratio of 1.04 and a debt-to-equity ratio of 64.83. The business has a fifty day moving average price of GBX 353.99 and a two-hundred day moving average price of GBX 323.34.

Insider Buying and Selling at Volex

In other Volex news, insider John Wilson purchased 89 shares of the stock in a transaction dated Friday, September 12th. The stock was acquired at an average cost of GBX 335 per share, for a total transaction of £298.15. Corporate insiders own 34.98% of the company’s stock.

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 end-markets: Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology and Off-Highway.