Volex (LON:VLX) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Volex plc (LON:VLX) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 272.61 ($3.67) and traded as high as GBX 283.50 ($3.82). Volex shares last traded at GBX 280.50 ($3.78), with a volume of 287,812 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their price target on shares of Volex from GBX 430 ($5.79) to GBX 340 ($4.58) and set a “buy” rating on the stock in a research report on Tuesday, April 8th.

Volex Stock Performance

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 stock has a market cap of £661.02 million, a price-to-earnings ratio of 15.34 and a beta of 1.03. The firm has a fifty day moving average of GBX 250.03 and a 200 day moving average of GBX 272.61.

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.