Volution Group (LON:FAN) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Volution Group plc (LON:FAN) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 631.65 and traded as low as GBX 603. Volution Group shares last traded at GBX 613, with a volume of 420,222 shares changing hands.

Analysts Set New Price Targets

FAN has been the topic of several research analyst reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 870 target price on shares of Volution Group in a research report on Thursday, March 12th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 840 price target on shares of Volution Group in a research note on Wednesday, March 18th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 751.

Volution Group Stock Up 0.7%

The firm’s fifty day simple moving average is GBX 605.44 and its two-hundred day simple moving average is GBX 631.65. The company has a market capitalization of £1.21 billion, a price-to-earnings ratio of 23.95 and a beta of 1.18. The company has a current ratio of 2.74, a quick ratio of 0.98 and a debt-to-equity ratio of 100.88.

Volution Group (LON:FAN) last announced its quarterly earnings results on Thursday, March 12th. The company reported GBX 18.20 EPS for the quarter. Volution Group had a return on equity of 18.46% and a net margin of 11.19%. Sell-side analysts anticipate that Volution Group plc will post 30.0441826 EPS for the current year.

About Volution Group

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.