Volution Group (LON:FAN) Shares Cross Above 50 Day Moving Average – Time to Sell?

Volution Group plc (LON:FAN)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 609.62 and traded as high as GBX 611. Volution Group shares last traded at GBX 609, with a volume of 102,164 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FAN. Berenberg Bank reiterated a “buy” rating and issued a GBX 870 price objective on shares of Volution Group in a research note on Thursday, March 12th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 840 price objective on shares of Volution Group in a research note on Thursday, May 28th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 751.

Volution Group Price Performance

The company has a current ratio of 2.74, a quick ratio of 0.98 and a debt-to-equity ratio of 100.88. The firm’s 50 day simple moving average is GBX 609.62 and its two-hundred day simple moving average is GBX 629.93. The firm has a market cap of £1.21 billion, a price-to-earnings ratio of 23.79 and a beta of 1.18.

Volution Group (LON:FAN) last issued its quarterly earnings data on Thursday, March 12th. The company reported GBX 18.20 earnings per share for the quarter. Volution Group had a net margin of 11.19% and a return on equity of 18.46%. On average, equities analysts forecast 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.