Volex (LON:VLX) Stock Passes Above 200-Day Moving Average – What’s Next?

Volex plc (LON:VLX) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 383.17 and traded as high as GBX 459.50. Volex shares last traded at GBX 443, with a volume of 4,394,703 shares changing hands.

Analyst Upgrades and Downgrades

VLX has been the subject of several research reports. Peel Hunt reiterated a “buy” rating and set a GBX 380 price target on shares of Volex in a research report on Thursday, October 16th. Jefferies Financial Group upped their target price on shares of Volex from GBX 470 to GBX 500 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Berenberg Bank increased their target price on shares of Volex from GBX 430 to GBX 470 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Volex has a consensus rating of “Buy” and an average price target of GBX 422.50.

Volex Trading Down 1.5%

The company has a market capitalization of £804.70 million, a PE ratio of 14.42 and a beta of 1.03. The company has a fifty day simple moving average of GBX 418.43 and a 200-day simple moving average of GBX 383.17. The company has a current ratio of 1.53, a quick ratio of 1.04 and a debt-to-equity ratio of 64.83.

Insider Activity

In other news, insider Nathaniel Rothschild acquired 95,000 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was purchased at an average cost of GBX 399 per share, for a total transaction of £379,050. 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. Headquartered in the UK, we orchestrate operations across 27 advanced manufacturing facilities, uniting 13,000 dynamic individuals from 25 different nations.