Volex (LON:VLX) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Volex plc (LON:VLXGet Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 397.70 and traded as high as GBX 495. Volex shares last traded at GBX 488.17, with a volume of 274,666 shares traded.

Analysts Set New Price Targets

A number of equities analysts have issued reports on VLX shares. Berenberg Bank lifted their price target on Volex from GBX 430 to GBX 470 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Jefferies Financial Group raised their target price on Volex from GBX 470 to GBX 500 and gave the company a “buy” rating in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 422.50.

Read Our Latest Stock Analysis on Volex

Volex Stock Down 0.4%

The stock has a fifty day moving average of GBX 447.33 and a 200 day moving average of GBX 398.55. 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 firm has a market capitalization of £887.06 million, a P/E ratio of 15.89 and a beta of 1.03.

Insider Buying and Selling at Volex

In other Volex 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 bought at an average cost of GBX 399 per share, with a total value of £379,050. 35.06% of the stock is owned by insiders.

About Volex

(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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