Volex (LON:VLX) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Volex plc (LON:VLXGet Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 531.87 and traded as high as GBX 555. Volex shares last traded at GBX 555, with a volume of 951,622 shares traded.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 700 price target on shares of Volex in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft raised their price objective on Volex from GBX 500 to GBX 590 and gave the stock a “hold” rating in a research note on Friday, June 26th. Canaccord Genuity Group upgraded Volex to a “buy” rating and lifted their target price for the stock from GBX 590 to GBX 600 in a report on Tuesday, July 21st. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 700 target price on shares of Volex in a research note on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 594.

View Our Latest Research Report on Volex

Volex Stock Down 0.5%

The firm’s 50-day simple moving average is GBX 560.45 and its 200 day simple moving average is GBX 532.87. The company has a debt-to-equity ratio of 46.75, a quick ratio of 1.04 and a current ratio of 1.74. The stock has a market capitalization of £1.02 billion, a P/E ratio of 15.85 and a beta of 1.21.

Volex (LON:VLXGet Free Report) last posted its quarterly earnings data on Friday, June 26th. The company reported GBX 35.20 EPS for the quarter. The company had revenue of GBX 124.26 billion during the quarter. Volex had a net margin of 5.29% and a return on equity of 15.29%. As a group, research analysts expect that Volex plc will post 30.9454191 EPS for the current year.

Insider Buying and Selling

In related news, insider Nathaniel Rothschild purchased 7,500 shares of the firm’s stock in a transaction on Thursday, July 9th. The stock was purchased at an average cost of GBX 510 per share, for a total transaction of £38,250. Company insiders own 35.11% of the company’s stock.

Volex Company Profile

(Get Free Report)

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. Headquartered in the UK, we orchestrate operations across 27 advanced manufacturing facilities, uniting 13,000 dynamic individuals from 25 different nations.

Further Reading

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