Volution Group (LON:FAN) Share Price Passes Above 50 Day Moving Average – Here’s Why

Volution Group plc (LON:FAN – Get Free Report) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 612.40 and traded as high as GBX 619. Volution Group shares last traded at GBX 602, with a volume of 569,564 shares changing hands.

Analyst Ratings Changes

Several research firms have weighed in on FAN. Berenberg Bank reiterated a “buy” rating and issued a GBX 870 price objective on shares of Volution Group in a report on Thursday, March 12th. Jefferies Financial Group reissued a “buy” rating and set a GBX 840 target price on shares of Volution Group in a research note on Thursday, May 28th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 751.

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Volution Group Stock Performance

The company’s 50-day moving average price is GBX 612.40 and its 200 day moving average price is GBX 629.49. The stock has a market capitalization of £1.19 billion, a PE ratio of 23.52 and a beta of 1.17. The company has a debt-to-equity ratio of 100.88, a quick ratio of 0.98 and a current ratio of 2.74.

Volution Group (LON:FAN – Get Free Report) last announced its quarterly earnings results on Thursday, March 12th. The company reported GBX 18.20 earnings per share (EPS) for the quarter. Volution Group had a net margin of 11.19% and a return on equity of 18.46%. On average, equities research analysts expect that Volution Group plc will post 30.0441826 earnings per share for the current fiscal year.

About Volution Group

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Volution Group plc (LSE: FAN) is a leading supplier of ventilation products to the residential and commercial construction markets in the UK, the Nordics, Central Europe and Australasia.

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